Where does the money go?

Move a slider, watch the flows between households, firms, banks, the State and the rest of the world — and what each reservoir gains or loses. Base year: France 2025, amounts in bn EUR.

Year

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Your assumptions

Base year

Horizon (years): 5

Corporate taxes

Corporate income tax rate : 25.0 %

Production taxes level : 100.0 % of 2025 yield

Income tax

Income tax level : 100.0 % of 2025 yield

Labour and wages

Gross monthly minimum wage (SMIC) : 1801.8 EUR/month

Macro assumptions

Employment elasticity to labour cost ≈ : -0.3 ratio

Household saving rate : 17.9 %

Export elasticity to labour cost ≈ : -0.5 ratio

Nominal drift of flows without a rule ≈ : 3.0 %/year

Inflation ≈ : 1.5 %/year

Public spending and debt

Public pay index ≈ : 1.0 ratio

State purchases and investment level : 100.0 % of 2025

Apparent interest rate on public debt ≈ : 1.96 %

Social contributions and benefits

Employer contribution rate (effective) ≈ : 35.0 %

Employee contribution rate (effective) ≈ : 17.5 %

CSG-CRDS rate on activity income : 9.7 %

Pension indexation : 1.0 ratio

Benefits indexation : 1.0 ratio

VAT and excise

Standard VAT rate : 20.0 %

Intermediate VAT rate : 10.0 %

Reduced VAT rate : 5.5 %

Balance by reservoir

Reservoir	In	Out	Balance	vs. base

Year by year

Year	State deficit	State debt	Households	Firms	Closure residual

Amounts marked ≈ are orders of magnitude derived from published aggregates; dashed flows have no published amount and stay at their observed level. The closure residual is the sum of all internal balances plus the external balance: it is shown, never forced to zero.

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