On February 19, the French Constitutional Council confirmed the legality of the 2026 budget, a decision that paves the way for the bill's promulgation. The Council, tasked with ensuring that various provisions within the budget align with the French Constitution, was called to rule on contentious elements such as the proposed 'holding tax'. Despite a few reservations and interpretations, most of the budget's components were deemed constitutional. This ruling is significant for the government as it resolves legal uncertainties surrounding fiscal policies that are crucial for budget execution.

The included 'holding tax' has been a point of significant debate, reflecting ongoing tensions between different political factions, particularly between the ruling government and socialist parties. This tax, along with the suspension of pension reforms, highlights the compromises necessary for the government to secure the parliamentary majority needed to pass the budget amid an extremely polarized political landscape. The ruling enables the government to proceed with fiscal measures that are integral to its financial strategy and stability commitments.

The validation by the Constitutional Council does not just provide a green light for the budget; it also serves to reinforce governmental authority ahead of upcoming political challenges. With fiscal year preparations underway and a backdrop of public and political scrutiny, this decision ensures the government can move forward with its budgetary plans while navigating persistent issues related to economic inequality and social welfare reforms.