Cost of debt service
2018 - Execution
Net budgetary cost: €41.54bn
OATs interests*: €37.75bn
Index-linking cost of OATs: €3.35bn
BTFs interests: €-0.72bn
Debt assumed by the State: €0.08bn
Treasury: €1.07bnn
Net accrual cost*: €35.22bn
of which spread of premiums and discounts at issuance, through borrowing term: €-7.28bn
* maastrichtian accounting and general accounting of the State
2019 - Execution
Net budgetary cost: €40.26bn
OATs interests*: €36.90bn
Index-linking cost of OATs: €2.76bn
BTFs interests: €-0.66bn
Debt assumed by the State: €0.08bn
Treasury: €1.16bn
Net accrual cost*: €30.61bn
of which spread of premiums and discounts at issuance, through borrowing term: €-8.01bn
* maastrichtian accounting and general accounting of the State
2020 - Execution
Net budgetary cost: €36.20bn
OATs interests*: €34.73bn
Index-linking cost of OATs: €0.46bn
BTFs interests: €-0.96bn
Debt assumed by the State: €0.48bn (of which €0.40bn SNCF Réseau)
Treasury: €1.46bn
Net accrual cost*: €25.60bn
of which spread of premiums and discounts at issuance, through borrowing term: €-9.76bn
* maastrichtian accounting and general accounting of the State
2021 - Execution
Net budgetary cost: €38.50bn
OATs interests*: €34.22bn
Index-linking cost of OATs: €3.02bn
BTFs interests: €-1.03bn
Debt assumed by the State: €0.77bn (of which €0.40bn SNCF Réseau)
Treasury: €1.48bn
Net accrual cost*: €31.38bn
of which spread of premiums and discounts at issuance, through borrowing term: €-11.75bn
* maastrichtian accounting and general accounting of the State
2022 - Execution
Net budgetary cost: €51,5bn
OATs interests*: €33.35bn
Index-linking cost of OATs: €15.53bn
BTFs interests: € 0.50bn
Debt assumed by the State: €0.91bn (of which €0.82bn SNCF Réseau)
Treasury: €1.23bn
Net accrual cost*: €46.3bn
of which spread of premiums and discounts at issuance, through borrowing term: €-11.53bn
* maastrichtian accounting and general accounting of the State
Updated on 13 November 2023
The State accounts
States accounts on the Ministry for Government Action and Public Accounts website (in French)