Marine Le Pen Unveils Ambitious Economic Program Aiming for €140 Billion Savings by 2032

Marine Le Pen, leader of the Rassemblement National (RN), revealed a detailed economic plan on October 6, 2026, targeting significant budgetary reforms ahead of the 2027 French presidential election. Her program proposes achieving €140 billion in net savings by 2032 and reducing France's public deficit to below 3% of GDP by 2030, coupled with a plan to lower public spending to under 50% of GDP by the end of her term.

Le Pen aims to restore the primary budget balance within 18 months and bring national debt down to 112% of GDP. Integral to her fiscal strategy is adopting a constitutional budgetary "golden rule" via referendum to ensure annual debt reduction. She also proposes tax cuts totaling approximately €30 billion over five years, including reductions in production taxes and a return to a flat tax rate of 30%, while eliminating the real estate wealth tax in favor of a financial wealth tax.

On pension reforms, Le Pen advocates for lowering the retirement age and introducing a new capitalisation pillar, estimated to save between €15 and €20 billion to offset social security deficits. The plan includes recovering €30 billion from immigration-related costs and €18 billion from France’s contributions to the European budget by 2031, as well as seeking reduced EU contributions and calling for European Central Bank intervention to ease financial pressures.

Le Pen sharply criticized the current government led by Emmanuel Macron for its economic management, asserting that failure to implement such reforms risks escalating the public deficit to 7.2% of GDP by 2032 and pushing France towards a potential default, which would adversely affect citizens' daily lives and purchasing power. While her program aims to reassure financial markets and European partners about fiscal stability, experts remain skeptical about the feasibility of such ambitious savings without negatively impacting economic growth.

Marine Le Pen's economic proposals represent a marked shift toward fiscal responsibility for the RN, setting a clear direction for her campaign focusing on budget discipline and structural reforms to strengthen France's financial position.