Socialist deputies unveil budget plan targeting purchasing power and climate spending
Socialist parliamentarians presented a budget proposal focused on raising net wages and financing climate measures through new progressive taxes.
Socialist members of parliament unveiled a set of budget measures on September 16, with parliamentary discussion slated to start in October. Central to the plan is an increase in the minimum wage and the introduction of a progressive social contribution designed to bring gross pay closer to net earnings. To finance this, the deputies propose a tax on very high inheritances and a graduated contribution on labor income, aiming to shift the fiscal balance toward workers.
Climate policy also receives priority, with calls for extra financing to double civil-security budgets, expand the green fund for local authorities, and create a dedicated climate-security fund to support agricultural adaptation, building renovation and disaster compensation. The proposals aim to influence the upcoming presidential election debate.
Why it matters
The plan could reshape France's fiscal approach to wages and climate funding ahead of the presidential election.
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