Marine Le Pen has set out her economic plan for France. The National Rally leader presented her main budget proposals on October 6, ahead of next year’s presidential election.

She raised her earlier savings target. She now promises 140 billion euros in net savings by 2032, net of at least 30 billion euros in tax cuts.

She wants a primary budget balance within 18 months of taking office. The public deficit should fall below 3 per cent of GDP by 2030 and below 2.5 per cent by 2032. Public debt should drop to 112 per cent of GDP by 2032, from about 121 per cent in 2027.

She also proposed a constitutional golden rule on deficits, to be approved by referendum.

On Europe, she wants France’s net EU contribution cut to 5 billion euros a year, with talks with the European Central Bank to ease borrowing costs.

On immigration, tighter controls and a national preference policy would save 15 billion euros in the first year, she said. A pension overhaul would save 15 to 20 billion euros in the long term.

Le Pen is leading in the polls. French borrowing costs have surged in recent weeks.