Politics · France · 4 hrs ago
French MPs propose tax-free savings account to fund public debt
A group of French MPs called LIOT proposed a new way for people to lend money to the state.
The plan, known as the Livret D, was debated in France’s National Assembly on 28 October.
It would pay a fixed 3.5% interest rate, with interest free of tax.
Investors would put in at least €1,000 and no more than €60,000, with their money locked away for ten years.
LIOT says the scheme could save the state €7.5 billion over a decade by using household savings to fund public debt.
Some people may be put off by the long wait to access their money, while an economist says savers should spread their money across different investments.
The proposal was debated, but no decision on its adoption is given.
The LIOT parliamentary group has proposed a tax-free savings account to let people lend money to the French state and help finance public debt.
The proposed account, called “Livret D,” would pay a fixed 3.5% interest rate.
Investors would put in at least €1,000 and up to €60,000, with their money locked away for ten years.
LIOT says the plan could save the state €7.5 billion over ten years.
Some people quoted in the reports welcomed the tax-free return, while others objected to the long lock-up or questioned how public money is managed.
- Who
- The LIOT parliamentary group, including MP Charles de Courson, proposed the account.
- What
- They proposed a tax-free savings account through which people could lend money to the French state.
- When
- The proposal was debated on 28 October 2026.
- Where
- At the French National Assembly.
- Why
- To finance French public debt by drawing on people’s savings.
Supporters of the proposed Livret D
Critics of the proposed Livret D
Purpose
Supporters of the proposed Livret D
LIOT says the account would mobilise people’s savings to finance public debt.
Critics of the proposed Livret D
Some people quoted said they were concerned about the long period without access to their money or about the management of public funds.
Return and risk
Supporters of the proposed Livret D
A French saver said the tax-free return would make the account more attractive than Livret A.
Critics of the proposed Livret D
An RMC listener, Gérard, said he did not trust this type of scheme.
The LIOT proposal for a new savings account was debated at the French National Assembly.
Charles de Courson defended the proposal in an interview on RMC.
- Proposed account
- Livret D
- Interest rate
- Fixed 3.5%, tax-free
- Investment range
- €1,000 to €60,000 per investor
- Lock-up period
- 10 years
- Estimated state savings
- €7.5 billion over 10 years, according to LIOT
3 sources
What people are saying
We propose making a direct appeal to French people’s savings.
If it’s tax-free, it’s better than Livret A, let’s do it.
That’s what personally holds me back a little because I’d like to have liquidity quite quickly.
You have to diversify, have several products and also finance businesses.
Posts on X
🔴 Le groupe LIOT propose un nouveau livret d’épargne pour aider à financer la dette française. Il pourrait offrir jusqu’à 3,5 % d’intérêts, contre 1,7 % pour le Livret A. L’objectif est de réduire la dette publique grâce à l’épargne des Français. #LeMorningRMC