France's New Popular Front: Bold Promises and Budget Boost

France's New Popular Front (NPF) has pledged to increase public spending by 100 billion euros by 2025, reversing pension reforms and raising public sector wages. The alliance plans to offset these costs through tax hikes, aiming to generate 100 billion euros in 2025 and up to 150 billion euros by 2027.

France's newly formed New Popular Front (NPF) left-wing alliance has made campaign promises ahead of the snap parliament election that would push public spending up 100 billion euros ($106.9 billion) in 2025, said senior alliance member Eric Coquerel on Friday.

The New Popular Front has notably pledged to reverse President Emmanuel Macron's controversial pension reforms and to bring back the retirement age to 60. It also aims to raise public sector wages, link salaries to inflation, boost housing and youth benefits, cut income tax and social security for lower earners, and introduce a wealth tax for the rich.

"In the year of 2025, public spending could reach 100 billion euros," Coquerel told journalists, adding that tax hikes would generate 100 billion euros in 2025 and 150 billion in 2026-2027. ($1 = 0.9358 euros)

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