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Retailleau Unveils €197 Billion Plan to Cut Spending Through 2032

He frames the measure as an urgent fix for rising debt and a campaign pledge that must still pass cost checks and parliamentary scrutiny

Overview

  • Retailleau presented the plan on Monday, October 12, proposing about €197 billion of cumulative savings through 2032 and saying the move would push the public deficit below 3% by 2031 without raising taxes.
  • He breaks the savings into roughly €96 billion from the central state, €91 billion from the social sphere and €10 billion expected from local authorities.
  • State measures include not replacing about 400,000 civil servants who retire by 2032 and cutting agencies and state operators while social measures list €42 billion on pensions, €4 billion on sick leave and €10 billion linked to immigration.
  • The candidate plans to return €51 billion to the public with €21 billion aimed at households through lower contributions or energy bills and €30 billion for firms via the removal of production taxes.
  • The proposal is a core 2027 campaign plank used to contrast Retailleau with centrist rivals and Marine Le Pen, but it remains an unverified pledge that faces legal, parliamentary and social hurdles and will be judged on independent costings and market reaction.