Goldman Sachs noted in its October 7 report that France's National Rally (RN) has proposed a fiscal consolidation plan, including a "shadow budget," a medium-term fiscal plan, and a fiscal "golden rule." This plan aims to improve the primary fiscal balance by approximately 2 percentage points within one year and hopes to achieve a primary fiscal surplus of 1.2% of GDP by 2032. However, Goldman Sachs believes that the plan's assumptions regarding economic growth, room for spending cuts, and the speed of policy implementation are all overly optimistic. Goldman Sachs projects France's economic growth rate to be only 0.6% in 2027, and public debt could reach 125% of GDP by 2032, significantly deviating from the downward path outlined in the RN's plan. Based on its polling model, Goldman Sachs indicates that Le Pen is the frontrunner for next year's French presidential election, and the RN is also expected to secure a majority of seats in the National Assembly. Its fiscal plan could directly impact France's fiscal policy and debt trajectory for the coming years.