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French PM: considering referendum proposal on budget

Published by Global Banking & Finance Review

Posted on May 3, 2025

2 min read

· Last updated: January 24, 2026

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French PM Weighs Referendum on National Budget Concerns

PARIS (Reuters) - French Prime Minister Francois Bayrou said on Saturday he was considering proposing a national referendum over the country's budget, given concerns that big cost-cutting plans could result in widespread protests.

"I think the subject is so serious, and it carries such major consequences for the future of the country, that it should be put directly to our citizens. Therefore, I am not ruling out any option," Bayrou told the Journal du Dimanche paper in an interview published on Saturday.

The French government is trying to balance how to cut the country's debt burden while trying to avoid stirring up anger from trade unions and workers who fear big public sector job cuts.

According to the French constitution, the president can call for a referendum after a proposal by the government.

"It is up to the government to propose, and for the president to decide...We have in front of us a question of huge importance, one which is not only for the technocrats and experts but which needs to be examined by each citizen," added Bayrou.

During his traditional New Year's Eve speech on December 31 last year, Macron opened the door to use referendums this year, saying he would ask the French to decide on "decisive" issues, without elaborating on which ones.

Macron's Elysee office did not immediately return a request for a comment on Bayrou's interview.

French opposition parties have already threatened to bring down Bayrou's government with a no-confidence motion, after his finance minister said next year's budget would require billions of euros in savings.

Bayrou is keen to avoid the fate of his predecessor Michel Barnier, whose short-lived tenure as Prime Minister was ended after Barnier was toppled due to widespread anger over the cost-cutting plans in his budget.

(Reporting by Sudip Kar-Gupta, Jean-Stephane Brosse and Michel Rose; Editing by Andrea Ricci)

Key Takeaways

  • French PM Francois Bayrou is considering a referendum on the budget.
  • The proposal aims to address concerns over debt and public protests.
  • The French constitution allows the president to call for a referendum.
  • Opposition parties threaten a no-confidence motion against Bayrou.
  • The government seeks to balance debt reduction with public sector stability.

Frequently Asked Questions

What is the main topic?
The main topic is the consideration of a national referendum on France's budget by PM Francois Bayrou.
Why is a referendum being considered?
A referendum is considered to address concerns over debt and potential public protests due to cost-cutting plans.
What role does the French constitution play?
The French constitution allows the president to call for a referendum based on a government proposal.

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