Déchiffrer 2027

FREN

Debt and public spending, Jean-Luc Mélenchon

Level of public spending: €81.7bn of new spending from 2027 (amending finance act)

Direction of change: increase, compared with current law.

The lever. Targeted change in total public spending (State, social security, local authorities), in volume or as a share of gross domestic product. Direction rule: ↑ higher public spending.

« Le bilan de ces dépenses est un bilan de 81,7 milliards d'euros, qui sera donc, et j'y arriverai tout à l'heure, impulsé directement, mis directement dans l'économie productive. »1

Translation by the editorsThe total of this spending comes to 81.7 billion euros, which will therefore, and I will come to this shortly, be injected directly, put directly into the productive economy.

Words of Éric Coquerel, MP, in charge of LFI's economic programme, Conférence de presse « Comment nous allons remettre de l’ordre dans les comptes publics » (vidéo), 14 October 2026. Words of Éric Coquerel, MP, in charge of LFI's economic programme, tasked by the candidate with carrying the programme: they commit the candidate.

Link to the candidacy: Alongside Jean-Luc Mélenchon, he presents the budget the candidate would have passed from 2027 through an amending finance act; he is responsible for his economic programme.

Encoding

No cost-schedule parameter for this position: see the costing for the reason.

Costing

Announced by the candidate

−€82bn

per year, cost to the public accounts. Éric Coquerel, press conference of 14 October 2026 (around 0:47:41): « Le bilan de ces dépenses est un bilan de 81,7 milliards d'euros » [“The total of this spending comes to 81.7 billion euros”]

Published costings

none

No external costing of this position recorded to date.

Our calculation

lever that cannot be costed

Total spending, which serves as a consistency check and not as a measure: each item of spending is costed, or not, under its own lever. The announced total (€81.7bn) is cited, not counted.

Current law, sources and limits of the cost schedule

Current law. Public spending 2025: €1,714bn, i.e. 57.2% of GDP (57.0% in 2024); euro area 49.8%, Germany 50.5%. European norm: net primary expenditure capped at +1.2% in 2026, 2027 and 2028 and +1.1% in 2029 (Council recommendation of 21 January 2025).

Horizon. Ratio in 2032; gap with the PSMT path.

Limits. Targeted level of spending, not a measure: consistency check against the sum of costed measures. Outcome lever, not a measure lever: it serves as a consistency check against the sum of measures. Fipeco: « l'écart de 6,7 points avec l'Allemagne = 200 Md€ » [“the gap of 6.7 points with Germany = €200bn”].

How to read these amounts. These are static costs and revenues, with no feedback effect, over a full year: nothing on growth, employment or the revenue that economic activity would gain or lose. A higher net cost does not on its own make a worse policy, nor net savings a better one: each programme rests on an economic model (demand-led stimulus, lower compulsory levies, consolidation of the public accounts…) that the cost schedule does not settle. GDP itself measures a volume of activity, not well-being or the usefulness of what is produced. Economic models and feedback effects.

This lever in the method · Costing for Jean-Luc Mélenchon

  1. Conférence de presse « Comment nous allons remettre de l’ordre dans les comptes publics » (vidéo), 14 October 2026. Words of Éric Coquerel, MP, in charge of LFI's economic programme. Words of Éric Coquerel, MP, in charge of LFI's economic programme, tasked by the candidate with carrying the programme: they commit the candidate. Read the source (Conférence de presse « Comment nous allons remettre de l’ordre dans les comptes publics » (vidéo)).

Contest this encoding (prefilled email; procedure and deadlines)