- Title: FRANCE-BUDGET/VOTE French lower house of parliament approves 2015 budget
- Date: 18th November 2014
- Summary: PARIS, FRANCE (NOVEMBER 18, 2014) (REUTERS) VARIOUS EXTERIORS OF THE FRENCH NATIONAL ASSEMBLY
- Embargoed: 3rd December 2014 12:00
- Keywords:
- Location: France
- Country: France
- Topics: General
- Reuters ID: LVA35APFAKFS5S59A38T2OOUZJ40
- Story Text: France's lower house of parliament backed the 2015 budget bill in a first reading on Tuesday (November 18) in the first step in the passage of a budget that fails to respect EU deficit limits.
France has obtained a provisional green light from the European Commission for its 2015 budget after announcing additional steps to help put its finances back on track.
The 2015 budget bill was adopted by 266 votes to 247 despite abstentions by 37 rebel Socialist party lawmakers unhappy with spending cuts.
The Senate will now review the first part of the bill beginning on Nov. 20, with a final vote in the Assembly expected at the end of December.
Last Saturday, thousands took to the street to protest against French President Francois Hollande's reforms targeted at lowering the country's deficit and high unemployment rates.
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