Bercy experts recommend a 'blank year' in 2027 budget

Four economists commissioned by the government in May recommend questioning automatic indexations and considering a 'blank year' from 2027 to stabilize public debt.

Experts Xavier Jaravel, Xavier Ragot, Jean-Luc Tavernier and Natacha Valla delivered their report as part of the 'mission on the transparency of public finances'. They estimate 126 billion euros in savings needed by 2032 to stabilize the debt.

The report calls for no taboos on automatic indexation mechanisms. A 'blank year' is proposed starting with the 2027 budget.

'There must be no taboos', stresses one of the authors, referring to this measure that would break with automatic increases in social benefits and public wages.

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Gabriel Attal speaking at a podium about civil servant reductions, with symbolic budget imagery in the background.
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Gabriel Attal pledges 100,000 voluntary civil servant departures if victorious in 2027

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Renaissance candidate Gabriel Attal detailed his budget proposals on Thursday for a potential term, aiming to balance public finances within ten years.

The pensions monitoring committee presented its annual opinion on Thursday, recommending that pensions be under-indexed by 2 points below inflation to reduce the deficit.

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The prime minister sent a framing letter to each government member to limit funding requests deemed unrealistic given the urgency of public finances.

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