Michel Barnier was interviewed on France 2 about the tight budget he is preparing to present, which he hopes will reduce the debt by 60 billion euros. He denied any “fiscal shock”, as some claim, and any “austerity” and “rigor” policies. He revealed some details about the planned tax increases in the budget and answered questions about the policies he intends to implement as Prime Minister.
He mentioned that around 300 companies, with revenues over 1 billion euros, will be asked to make an extra effort, as part of a temporary exceptional measure. The timeframe for this additional contribution will be set in the law, possibly lasting one or two years. However, he assured that the vast majority of the 4 million companies will not face new taxes.
By increasing taxes on the wealthiest households, Barnier estimated that around 2 billion euros can be generated. He specified that households affected will include couples with a fiscal income of over 500,000 euros. The goal is to redistribute wealth and alleviate the burden on those who can better afford it.
Barnier confirmed the postponement of the indexing of retirement pensions to inflation for six months, from July 1, 2025, instead of January 1. He acknowledged that this requires an “effort” from retirees, but defended it as fair and proportional. The Parliament will have the freedom to propose changes during budget discussions, which could alter the decision.
In terms of budget savings, Barnier outlined various strategies, including merging public services, not replacing certain non-frontline civil servants, consolidating duplicating state agencies, and refocusing business incentives for apprenticeships and medical transportation. He emphasized the need for efficiency and prioritization in public spending.
Regarding immigration policy, Barnier asserted his authority in setting the direction, dismissing the controversial statements made by the Interior Minister. He emphasized the need for rigorous measures to control immigration. While ruling out a new immigration law proposed by Marine Le Pen, he highlighted the importance of managing immigration issues effectively.
Finally, on the emotionally charged topic of end-of-life assistance, Barnier expressed personal support for the initial draft of the law allowing “assisted dying” under strict conditions. He advocated for resuming the parliamentary debate that was interrupted due to dissolution, suggesting a thorough discussion to address the complex ethical and legal aspects of this sensitive issue. Barnier’s stance reflects a balance between compassion and regulatory frameworks in navigating the complex landscape of end-of-life care.
