Déchiffrer 2027

FREN

Debt and public spending, Éric Zemmour

Level of public spending: Public spending brought down from 57% to 50% of GDP

Direction of change: decrease, 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.

« À l'époque la dépense publique ne dépassait pas 50 % du PIB. Vous voyez que ça marchait très bien. Je veux simplement ramener de 57 % à 50 %. »1

Translation by the editorsAt the time public spending did not exceed 50% of GDP. You can see that it worked very well. I simply want to bring it back from 57% to 50%.

Words of Éric Zemmour, BFMTV, « Face à BFM » et débat avec Jean-François Copé (vidéo sur la chaîne YouTube du candidat, 57 min 36 s), 17 September 2026. Position taken from public statements, not from a written programme.

No programme released. Positions taken from public statements, words of associates or documents of the candidate’s party, each dated and sourced; last recorded on 18 October 2026.

Encoding

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

Costing

Announced by the candidate

not announced

The cited source does not cost this measure.

Published costings

none

No external costing of this position recorded to date.

Our calculation

lever that cannot be costed

Level target (public spending brought down from 57% to 50% of GDP, €140bn of cuts announced with Sarah Knafo): it is compared with the sum of the costed measures, it is not added to it.

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.

  1. BFMTV, « Face à BFM » et débat avec Jean-François Copé (vidéo sur la chaîne YouTube du candidat, 57 min 36 s), 17 September 2026. Words of Éric Zemmour. Position taken from public statements, not from a written programme. Read the source (BFMTV, « Face à BFM » et débat avec Jean-François Copé (vidéo sur la chaîne YouTube du candidat, 57 min 36 s)).

Contest this encoding (prefilled email; procedure and deadlines)