Overview
- LFI presented the counter‑budget on Wednesday, October 14, 2026, proposing €106 billion in additional revenue and €82 billion in new spending with a €25 billion allocation to reduce public debt.
- The package lists specific tax measures to pay for the plan, including an 'ISF climatique', abolition of the flat tax, a 'taxe Zucman' on fortunes above €100 million, higher levies on big tech and new inheritance taxes.
- Planned spending items include a monthly €1,337 youth autonomy payment, free school meals, a rise in hospital funding, a €1,700 net minimum wage target, and creation of 10,000 teacher and 10,000 healthcare posts.
- Multiple economists called the plan 'optimistic' and 'under‑detailed', saying it omits macro assumptions and underestimates likely behavioral responses from wealthy individuals and mobile capital that would lower revenue.
- The proposal revisits LFI’s summer demand that the European Central Bank freeze or cancel its holdings of French debt, a move that remains politically sensitive and would require approval from EU partners.