December 19, 2025: The Joint Committee (comprising members of the National Assembly and the Senate) fails to reach a compromise on the 2026 budget bill.

➜ No budget will be passed before December 31.

Probable government response: submission of a special bill to the Council of State to ensure the continuity of the state:
• Taxes collected under the same conditions as in 2025.
• Public spending strictly limited to the 2025 appropriations.
• No new investments except in emergencies.

➜ What’s next?
• Political discussions to resume on Monday + a new parliamentary reading (in the National Assembly) in early 2026.

👉 In the background:
• Growing political pressure
• Open debate on a possible invocation of Article 49.3, which the executive branch is currently refusing to do.

👉 In the meantime, taxpayers continue to face persistent budgetary and tax uncertainty.

The FareWell team remains here to support you