Deputy RN José Beaurain is under investigation for embezzlement of public funds, suspected of having demanded the reimbursement of part of his assistants' salaries and having used his parliamentary funds for personal expenses, despite internal alerts within his party. #JoséBeaurain #detournementdefonds #RassemblementNational (translated)
The author believed that qualifying the budget situation as dramatic or catastrophic should lead to significant reforms in public spending. He deemed it hardly credible to constantly call for responsibility while rejecting courageous reforms. (translated)
The parliamentary group PASTEF – The Patriots announced that after two days of work in the Finance and Budget Control Commission, it had decided not to adopt the draft rectifying budget law (PLFR) 2026 as it stands. It specified that its position did not challenge the necessity of revising the budget in light of new economic constraints, but stemmed from disagreements over budgetary arbitrations, financing modalities, and guarantees provided to Parliament. The group also regretted that the concerns of the parliamentary majority and the requests of the Commission had not received, in its opinion, the expected institutional attention. The group expressed its willingness to engage with the executive, provided that cuts in health, education, vocational training, water supply, infrastructure, industry, and other structuring projects of the National Transformation Agenda are reexamined, and that adjustments focus primarily on non-essential expenditures. It also requested that any reduction in energy subsidies be accompanied by a reduction in the taxation of petroleum products and the costs of electricity supply and production, without increasing prices for households and businesses. Regarding the 120 billion FCFA of the Autonomous Contingent Emergency Response Project (CERP), it demanded the transmission of the agreements concluded with the World Bank, as well as clarifications on the source, allocation, and budget allocation of the resources and their effects on investment projects for which credits are postponed. PASTEF – The Patriots also called for expediting the program to rationalize the parapublic sector, which, according to the group, includes the elimination of 19 entities and at least 55 billion FCFA in net budget savings over three years. It requested a reduction in non-priority operational expenditures and strengthened control of special funds. Finally, the group requested justifications regarding the sincerity of the projected deficits for 2026 and 2027, in light of the ongoing adjustments, rebasing, and actual execution of expenditures, particularly public investments financed by external resources. It demanded the communication of audit reports from the General Inspectorate of Finances (IGF) on non-financial debt and Forvis Mazars, as well as clarifications on the financial commitments of the State and the sustainability of the debt. The group estimated that decisions with lasting effects on public finances should be accompanied by complete information and submitted to the oversight of the national representation. It stated its openness to dialogue with the Government before the plenary session, in order to reach an agreement, and affirmed its desire to defend a transparent, sincere, and sustainable budget, without sacrificing the purchasing power of Senegalese citizens or the necessary investments for the country's development. #pastef #senegal #PLFR2026 #budget #transparence (translated)
On October 23, 2026, the National Assembly almost unanimously rejected the revenue part of the 2027 Social Security financing bill, without examining the expenditure section, which amounts to opposition to the text as a whole. #SécuritéSociale #AssembléeNationale #Budget2027 (translated)
François Mathieu's editorial highlights the serious budget crisis in Belgium, illustrated by striking metaphors from Prime Minister Bart De Wever, who emphasizes the urgency of reducing the deficit and public spending to avoid a socio-economic disaster. #BudgetBelgique #CriseFinancière #BartDeWever (translated)
Vautrin believed that debt should occupy a central place in the upcoming presidential election. He warned that France risked, in his view, gradually losing its sovereignty and that capital holders could buy its assets. He criticized the left for ignoring the issue and denying the existence of a problem. He criticized Pigasse's publications on debt, which Thomas Porcher would have approved, as well as left-wing economists invited on television, particularly Thomas Piketty and Gabriel Zucman. Vautrin accused this political current of being unable to defend responsible management of public finances without calling into question its redistribution model. He also recalled a phrase attributed to Margaret Thatcher about the lack of money from others that socialism, according to her, would lead to. On the right, he perceived a gradual awareness of the problem, which he considered insufficient. He viewed the most likely scenario as a crisis followed by drastic cuts in spending. These cuts risked, in his opinion, being poorly understood by a population used to public money for over 40 years, exacerbating unrest and trapping the country in a difficult cycle. #Dette #ÉlectionPrésidentielle #Souveraineté (translated)
In the show Les Experts aired on BFM Business, the guests discussed the riots of October 17, highlighting the powerlessness of the state in the face of rising living costs and the lack of transparency in public spending. #Économie #Émeutes #Transparence (translated)
Guillaume Kasbarian stated that the halving of the AME and its transformation into emergency aid had been adopted, resulting in savings of 600 million euros. He criticized the left, claiming that its proposals did not foresee any savings and would lead to additional expenses, while preserving pensions, the state, local authorities, and aid to foreigners. According to him, the bill would remain the responsibility of working French people. #Economie #Politique #France (translated)
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)
Peter Mertens, Secretary General of the PTB, claims that there is no objective evidence demonstrating that Russia wants to harm Europe, while advocating for European independence in the development of artificial intelligence and denouncing the increase in military spending at the expense of social security. #PTB #Europe #Géopolitique (translated)
The French Mileistes wrote that Marine was largely the favorite to become president and that the country, tired of the situation, wanted to try something else. However, they found her economic program to be little credible, claiming that the announced budget was fanciful, that the intended savings were largely overestimated and that the projected tax revenues made no sense. According to them, the program proposed 140 billion euros in savings, while the actual expected savings could be counted "on the fingers of one hand." They estimated that the economy was not a priority for the RN, unlike immigration, security, and national unity, and advised Marine to entrust the budget preparation to Ifrap, the Montaigne Institute, or private audit firms. They specified that their advice was motivated by their concern for the country. The French Mileistes added that voters could be convinced by what they termed an imaginary program, but that its implementation at the Élysée would be more difficult. They described the country as being in a state of semi-bankruptcy, with out-of-control rates, and estimated that a solid economy was necessary to pacify the country. They finally called on Marine to present a credible project before the campaign, stating that the honor of the country was at stake. #Politique #Économie #Élections (translated)
The Social Security financing bill for 2027, which is coming to the National Assembly, aims to reduce the deficit to 12.7 billion euros by limiting health expenditures and retracing certain allowances, while introducing new taxes to support the budget effort. #Budget2027 #SécuritéSociale #RéformeRetraites (translated)
"how difficult it will be for a government to implement spending cuts. However, the weekend riots highlight 'how difficult it will be for a government to implement the spending cuts' that markets deem 'necessary to reduce the deficit,' adds Neil Wilson from Saxo Markets." #ViolencesFrance #Bourses #DettePublique (translated)
During the protests in Bangkok, participants expressed their opposition to the IMF and World Bank's austerity demands, calling for reform of financial institutions and debt reduction, arguing that spending cut measures exacerbate poverty in developing countries. #FMI #manifestation #dettepublique (translated)
De Wever wants to curb the increase in social spending to discipline the budget. #BudgetFédéral #PolitiqueBelge #BartDeWever (translated)
Sarah Knafo said she shares the opinion of Agnès Verdier-Molinié that tax cuts were the only solution. She added that in her view, reducing spending was also the only solution to achieve this, and she believed that Agnès Verdier-Molinié would agree with her. https://t.co/okaqbGrUcG #impôts #économie #politique (translated)
The article analyzes how the Walloon budget emphasizes the liberal shift of the Les Engagés party, highlighting tax cuts and reductions in public spending, which complicates their relationship with the party's social wing. #BudgetWallon #Libéralisme #Engagés (translated)
If only we were in the middle of a budget debate, the legislators and/or the government could modify the structure of the budget (in revenue and expenses) to take into account the budgetary aspects of the demands concerning education and higher education, at least for 2027. 🤷 (translated)
The author estimated that expenditures posed a major problem, considering the catastrophic state of the public services they were supposed to finance and the relative poverty of the French population. https://t.co/5euOawVxyT #servicespublics #dépenses #pauvreté #FR (translated)
France is losing its position as a good student in terms of inflation, recording 3.4% in September, while Germany is better protected against rising prices, unlike Spain which, despite heavy spending, sees inflation reach 5%. #Inflation #Économie #UnionEuropéenne (translated)
