France Insoumise unveils 2027 budget plan with wage hikes and debt reduction measures
La France insoumise presented its alternative 2027 budget, proposing a higher minimum wage, debt cancellation and expanded social spending.
La France insoumise released its counter-budget for 2027, with Eric Coquerel presenting the details alongside presidential candidate Jean-Luc Mélenchon. Key elements include a substantial increase in the minimum wage, the abolition of a significant share of the national debt, and higher spending on public sector wages, pensions, and housing benefits. The party proposes new revenue streams, notably a climate wealth tax and the repeal of the flat tax, while targeting additional funds from inheritance and tax loopholes.
Investments are earmarked for climate action, university and hospital recruitment, and measures to combat gender-based violence and homelessness. The plan asserts that these steps will reduce the deficit and address pressing social and environmental challenges.
Why it matters
The budget outlines a radical shift in France's fiscal policy, affecting taxes, debt and social spending.
How this story developed
- Oct 11 Social-democratic primary for 2027 presidency delayed after cyberattack
- Oct 11 Results are expected after the Sunday voting deadline.
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