Decision to Forego Budget Increase
The Elysée announced on October 15 that it would not request an increase in its allocation for 2025, following the controversy surrounding the budget increase. The decision was made in alignment with the Assembly and the Senate, who will also forgo their credit increase. The presidency’s credits were set to rise from 122.6 million euros to 125.7 million euros, representing a 2.5% increase, higher than the overall price increase projected for 2025.
Budgetary Efforts by Parliament
Both chambers of the Parliament also announced their budgetary efforts in a joint statement by their presidents, Yaël Braun-Pivet and Gérard Larcher. The Assembly and the Senate plan to renounce the indexation of the Parliament’s allocation to the inflation rate during the autumn budget discussions. This decision aims to contribute to the financial recovery of the country.
Discussion and Future Steps
The budget increase for the presidency and the Parliament had sparked debates in the context of France’s deteriorating financial situation. The government will require various sectors and administrations to make efforts to address the financial challenges. Minister Laurent Saint-Martin acknowledged the public concerns and emphasized the importance of strong institutions and efficient representatives. The Auditor General had also urged the presidency to take significant steps from 2024 to restore and maintain its financial balance.
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