PUBLIC FINANCE Β· MULTI-YEAR MODEL Β·

Multi-year fiscal simulator: how far can levies fall without recreating a deficit?

A transparent path that separates the 2025 baseline from future assumptions and applies a funding lock year by year.

New consolidation layer

Open the executable deduplication graph β†’

A model designed to expose the financing constraint

This simulator extends the static 30% test into a year-by-year path. It starts from the 2025 national-accounts baseline and lets the reader choose the path. It does not forecast growth, inflation or tax elasticities.

2025 baseline: GDP €2,991.1bn; compulsory levies 43.6% of GDP; public revenue 52.2%; public spending 57.3%; public deficit €152.5bn; Maastricht debt €3,460.5bn, or 115.7% of GDP.

Choose the scenario inputs

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Implied real growthβ€”
Final-year balanceβ€”
Minimum levy rate compatible with balanceβ€”
Final-year debtβ€”

Every future-year number depends on the selected scenario inputs. None is presented as an official forecast.

Year-by-year mechanical path

YearGDP bn€Planned leviesSavings bn€Revenue bn€Spending bn€Balance bn€Balanced levy floorDebt bn€Debt/GDP

What the model calculates β€” and what it refuses to claim

The pre-policy spending share and non-levy revenue share are held mechanically at their 2025 ratios. Savings, transition costs and additional recurring gains are layered separately. The levy path is linear only to make the scenario transparent and can be changed with the controls.

The structural balance is deliberately absent from this table. It will only be merged once the AMECO UBLGAPS vintage import is directly verified. Statistical revisions will then remain distinct from values available in real time.

Next gate before fiscal certification Audit every savings line in the €193–316bn range and the €350bn upper bound, then add debt-interest dynamics and the AMECO structural-balance revision matrix.

Official sources

  1. INSEE β€” National accounts 2025
  2. INSEE β€” General government account 2025
  3. INSEE β€” 2025 deficit and Maastricht debt
  4. European Commission β€” AMECO

Upstream evidence data

The simulator should progressively accept only lines that have passed the evidence gates. The baselines, years and primary sources register documents that step before any scenario injection.