Finneko examined the economic proposals of David Lisnard, who predicted, according to him, 80 billion euros in savings as early as the first year, 200 billion in cruise mode, and up to 300 billion in the long term. He described the program as a liberal strategy aimed at reducing public spending and levies on labor and companies, while promoting investment and employment. Of the 200 billion announced, Lisnard intended to allocate 120 billion to increase net wages through a reduction in contributions, 40 billion to reduce production taxes, and 40 billion to improve public finances. Finneko pointed out that the savings would not translate into a corresponding reduction in the deficit: according to his calculation, the direct budgetary improvement would be 40 billion. Starting from the public deficit of 152 billion euros recorded in 2025, there would remain, before any other changes, a financing need of more than 110 billion. Finneko deemed that the elimination of the C3S and the reduction of production taxes could support certain companies, without guaranteeing that the saved amounts would be devoted to investment or employment. He also noted that the 120 billion intended to increase net wages required further clarification on the distribution between employee and employer contributions, as well as on the financing of social spending. He also questioned the savings achievable through the reorganization of the 1,153 national public bodies, estimating that the elimination of structures would not necessarily eliminate the expenses related to their missions. Regarding pensions, he indicated that Lisnard wished to introduce a mandatory and collective capitalization tier and mobilize the delinking of pensions exceeding 2,000 euros per month. Finneko requested clarifications on the funding of the transition and the payment of current pensions. Finally, he estimated that the adjustment of 80 billion from the first year should be evaluated in light of its possible effects on activity, particularly demand. While he considered several directions worthy of interest, he expressed skepticism about the budgetary credibility of the amounts and the timeline. He awaited details of the savings, measure by measure and year by year, a simulation of their economic effects, and a projection of the funding for the transition to capitalization. #Economie #FinancesPubliques #Salaires (translated)
