France to dissolve cabinet, enacts special budget law next year..."Formation of the government before Christmas."

France, which failed to deal with next year's budget due to the dissolution of the government, has enacted a special law to maintain the normal functioning of the country.

French daily Le Monde said President Emmanuel Macron promulgated a special law to ensure the continuity of state functions on the 20th local time.

The special law calls for a temporary extension of the 2024 budget rule to the minimum extent necessary to avoid public administrative paralysis caused by the absence of the budget.

The special law gives the government the power and borrowing power to continue collecting taxes according to existing tax items to finance state and social security.

Prime Minister Francois Byru, who was appointed as the new head of government on the 13th, said he hoped the 2025 budget would be adopted by mid-February next year, but said he could not be sure.

Mr. Byru plans to finalize the formation of a government before Christmas and start working on the budget.