Overview

• The proposal trims next year’s adjustment to €21.7 billion versus €44 billion under François Bayrou, setting a 5% deficit target for 2026 and 2.8% by 2032.
• Social measures include the immediate suspension of the pension reform with negotiations to restore retirement at 62.
• Purchasing power would be supported by a targeted CSG reduction for households earning between 1 and 1.4 times the minimum wage.
• Revenues are projected at €26.9 billion, anchored by a 2% levy on fortunes above €100 million that the PS estimates could raise around €15 billion.
• The blueprint combines €14 billion in savings with a €10 billion business support package focused on sovereignty and the ecological transition, and the PS will seek backing from left partners and ‘front républicain’ deputies.