What the Social Security financing invoice comprises | EUROtoday

Barring any drama, that is the federal government’s final phrase. Monday, December 2, the ultimate model of the Social Security financing invoice (PLFSS) for 2025 was to be submitted to the National Assembly. Not having an absolute majority within the Palais-Bourbon, the Prime Minister, Michel Barnier, indicated that, on this event, he would resort ” probably “ in article 49.3 of the Constitution, which permits the adoption of a textual content and not using a vote. Such a process exposes it to a movement of censure from the deputies of the New Popular Front and the National Rally (RN), these two political forces being very crucial of the content material of the “Secu” price range.

This is the results of a compromise sealed, on November 27, within the joint committee (CMP), by Macronist and right-wing parliamentarians, these from the left and much proper having expressed themselves towards. Compared to the preliminary model offered on October 10 within the Council of Ministers, the PLFSS has advanced considerably. Mr. Barnier’s crew made a number of concessions, which had the consequence of chipping away at a part of the financial savings initially deliberate. This is a price range of ” transition, (…) neither ambitious nor glorious”summarized, at the end of the CMP, the deputy (Horizons, Seine-et-Marne) Frédéric Valletoux, president of the social affairs committee of the National Assembly and former minister of health.

One of the measures that attracted the most attention during the work in Parliament concerns exemptions from social security contributions. The power in place wants to cut them because they cost more and more: almost 80 billion euros per year. Originally, there was talk of limiting these reductions, according to terms which would have brought in 4 billion euros for the benefit of public accounts. But the provision envisaged, synonymous with an increase in employer contributions, was opposed by the supporters of the President of the Republic: they saw in it a negation of the supply policy pursued since the election of Emmanuel Macron, consisting of reducing the compulsory levies on businesses.

Finally, the executive agreed to lower its claims: the reduction in exemptions will generate a gain of 1.6 billion euros for public finances (compared to 4 billion, therefore, expected at the start). The supporters of the Head of State, like the elected representatives of the RN, continue to be against.

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