Finance Minister David Amiel slams RN's counter-budget as unrealistic and risky

During a Grand-Jury appearance, Finance Minister David Amiel sharply criticized the Rassemblement national's counter-budget, describing its savings as made of cardboard and its fiscal promises as unrealistic. He pointed out that the RN seeks to enshrine a constitutional "golden rule" that would cap the deficit at 2.4% of GDP in 2027 and gradually lower debt to 60% of GDP. The party also proposes cuts to immigration-related spending, tighter fraud controls, and a reduced French contribution to the EU budget.

Amiel contrasted this with the government's own plan, which involves a 54 billion-euro fiscal effort, including 11 billion already underway, to lower the deficit from 5.4% of GDP in 2026 to 5% in 2027. He warned that French borrowing rates have risen to around 4.8%, which could generate tens of billions of extra interest costs if sustained. Emphasizing the need for a collective parliamentary reset, Amiel said the main problem lies with the political class rather than the economy.