French National Assembly rejects 2027 social security budget in first reading

French lawmakers voted 115-1 to reject the 2027 social security budget in its first reading, sending the bill to the Senate amid protests and rising borrowing costs. The overwhelming rejection signals a breakdown in legislative support for the government's fiscal plan, increasing political pressure on the executive. The outcome in the Senate and potential use of constitutional mechanisms remain uncertain, but the episode highlights France's strained public finances and heightened political instability.

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