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UPDATE 1-French lawmakers vote to ratify EU fiscal pact

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PARIS, Oct 9 (Reuters) - France's lower house of parliamentapproved ratification of a European budget discipline treaty bya large majority on Tuesday, paving the way for its adoption inthe euro zone's second-biggest economy.

A law ratifying the fiscal pact was passed by 477 votes infavour to 70 against, despite noisy dissent from someleft-wingers and Greens that Socialist President FrancoisHollande battled to quell in recent weeks.

Of 568 lawmakers present, 21 abstained.

A small but noisy revolt against the treaty has embarrassedHollande in the run up to an Oct. 18-19 EU summit, at which heis anxious to show his party is behind him on measures agreed inJune to deepen economic integration and help pull the euro zoneout of crisis.

The Socialists opposed the pact when former presidentNicolas Sarkozy signed up to it in March, but Hollande persuadedEU partners at his first summit in June to sweeten it with apackage of accompanying measures to stimulate growth in Europe.

Tuesday's vote came as Hollande's fiscal credibility isbeing tested by a 2013 budget that hinges on an economic growthtarget of 0.8 percent that many view as over-optimistic. TheInternational Monetary Fund halved its growth forecast forFrance on Monday to 0.4 percent next year.

The president has promised the European Union he will cutthe deficit to 3 percent of gross domestic product in 2013, butthe gloomier growth outlook and his decision to make two-thirdsof the adjustment through tax rises has raised doubts.

The fiscal pact enters into force on January 1 next year orwhen 12 out of the 17 euro zone member countries ratify it, ashalf a dozen, including Germany, have already done.

The ratification law passes to the Senate on Wednesday andshould be finally adopted before the end of the week.

(Reporting By Emile Picy; Writing by Catherine Bremer; Editingby Paul Taylor)

((catherine.bremer@thomsonreuters.com)(+33 1 4949 5188)(ReutersMessaging: catherine.bremer.thomsonreuters.com@reuters.net))

Keywords: EUROZONE FRANCE/