**Macron has publicly ruled out dissolving the National Assembly in the near term, citing the eight months remaining before the April-May 2027 presidential election and the risk of creating instability that would constrain the incoming president.** A new president is widely expected to dissolve parliament shortly after taking office to seek a majority, consistent with patterns after prior snap votes. The 2024 legislative election produced a hung parliament, leading to repeated minority governments and reliance on Article 49.3 to pass budgets; the current Lecornu government faces similar pressure over €54 billion in proposed 2027 spending cuts amid rising debt and bond-market scrutiny. Opposition parties are already positioning ahead of the presidential contest, reducing appetite for compromise that could avert a government fall and subsequent dissolution. The one-year constitutional restriction following the 2024 snap election has expired, but Macron’s recent statements and the compressed timeline to the presidential vote have kept trader-implied probabilities of an earlier call low. Scheduled budget debates through November 2026 and any resulting no-confidence motions represent the main near-term catalysts that could shift the outlook.