The left has chosen a riskier strategy than that of the majority and the National Rally (RN). While the latter gave little detail on its program, the New Popular Front (NFP) very quickly disseminated an ambitious roadmap comprising several dozen economic measures at high cost. At the risk of exposing himself more than his adversaries and having to provide explanations on systems that are not yet completely completed.
“ We are the only political force to present a budget and a program, underlined, Friday June 21, the president of the finance committee (La France insoumise – LFI), Eric Coquerel, during a press conference. I hope the same technical questions will be asked of the other two! »
Since the program of this coalition, which brings together several left-wing forces, was unveiled on June 14, it has faced a wave of criticism from the economic world and the presidential camp. Which cast doubt on its economic credibility and brandish – as Prime Minister Gabriel Attal warned on June 20 – the risk of a “ tax bludgeoning “. “ It’s Madoff who explains that Robin Hood will pick your pockets! », replied the communist senator from Paris, Ian Brossat, referring the tenant of Matignon to the majority’s record in matters of public finances.
NFP officials therefore brought together economists Julia Cagé (president of the Society of Readers of the ” World “ ), Eloi Laurent, and Eric Berr to ensure the seriousness of their promises, and to clear up criticism of their cost for public finances, which in recent days has been the subject of divergent estimates: 200 billion euros, according to the leader by LFI Jean-Luc Mélenchon; 106 billion euros, according to socialist Valérie Rabault. And almost 300 billion according to the majority.
Extinguish the “social fire”
Eric Coquerel detailed on Friday what resembles a budgetary recovery plan: 25 billion in additional spending this year to extinguish the “social fire”with the repeal of pension and unemployment insurance reforms, the 10% increase in the civil servants’ index point, and housing aid.
This sum will be increased to 100 billion euros in 2025 to finance major thermal renovation works, invest in renewable energies and set up the “autonomy guarantee”, a minimum income for young people. Finally from 2026, spending would reach 150 billion with, in particular, recruitment of civil servants and a major freight plan. The left also promises to help SMEs absorb the cost of increasing the minimum wage to 1,600 euros net and is considering a new “great law” before 2027 on a return to retirement at age 60.
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