The budget of France, setting revenues and spending levels is set after approval of the national assembly and the senate. The
French Constitution
The current Constitution of France was adopted on 4 October 1958. It is typically called the Constitution of the Fifth Republic , and it replaced the Constitution of the Fourth Republic of 1946 with the exception of the preamble per a Consti ...
provides for a maximum of 70 days between the budget being proposed to parliament and it being approved. Article 40 of the Constitution stops the
National Assembly and
Senate from making any amendments to the total spending and revenue amounts proposed by the government.
Once approved by parliament, the government may make adjustments of up to 2% to the budget without having to seek further parliamentary approval.
In 2011, the government introduced a bill to amend article 34 of the Constitution to ensure a balanced budget.
The French budget concerns only spending and revenue by central government. It thus excludes the Social Security budget and regional and local authorities budgets.
Public spending in 2013
See also
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Decentralisation in France
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Taxation in France
References
{{Reflist
Budget
Finance in France
France
France (), officially the French Republic ( ), is a country primarily located in Western Europe. It also comprises of overseas regions and territories in the Americas and the Atlantic, Pacific and Indian Oceans. Its metropolitan area ...