Paris: The French Socialist Party has announced that it will support the government’s 2026 social security budget bill after a series of concessions were made by Prime Minister Sébastien Lecornu to secure enough votes in parliament.
The decision marks a shift toward cooperation following months of political tension over how to fund France’s health care, pensions and welfare programs. Socialist leader Olivier Faure said the party chose to support the budget because several proposals they opposed were removed or revised during negotiations.
Earlier this week, the government agreed to scale back planned increases in social security taxes and dropped a proposal to raise health insurance deductibles. These changes were aimed at calming public concerns and gaining support from opposition lawmakers.
Despite the progress, concerns remain about France’s growing social security deficit. Government officials have warned that rejecting the budget could lead to a funding crisis and a possible gap in services. Estimates suggest the deficit could grow to as much as 30 billion euros if further spending reforms are not made.
The lower house of parliament has already approved the core taxation framework linked to the bill. The next steps involve a final vote that could secure funding for pensions, public hospitals and welfare programs in the coming year.
Political observers say the Socialist Party’s support may help bring stability after a period marked by failed votes, public criticism and debates over the sustainability of France’s welfare model.
If passed, the 2026 social security budget will ensure continued access to medical reimbursements, pension payments and unemployment benefits while delaying harsher fiscal measures for now.
The final vote is expected soon, and lawmakers on both sides hope that this compromise will prevent another political standoff similar to last year's disputes over health spending.