France will implement a temporary spending bill to prevent a government shutdown after the recent collapse of Prime Minister Michel Barnier’s administration, Bloomberg reports.
The bill, to be presented to the full cabinet on Wednesday, will ensure the country’s continued operation until a proper 2025 budget can be passed.
The measure, reported by AFP news agency citing Elysee Palace officials, will authorize the collection of taxes from January 1st and provide for essential government services.
This stopgap is necessary following a no-confidence vote last week that brought down Barnier’s government. The vote saw an unprecedented alliance between the far-right National Rally and a left-wing coalition, successfully rejecting the proposed 2025 budget.
President Emmanuel Macron announced on Thursday that he would appoint a new prime minister in the coming days. The interim budget will bridge the gap until the new government can formulate and pass its own fiscal plan.
