29 June 2006: Downward Revision of 2006 Financing Programme

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Thierry Breton, Minister of Economy, Finance and Industry indicated that the net medium and long term borrowing programme for 2006 was revised downwards by €10bn and would amount to €109.5bn, instead of €119.5bn as published in the 2006 Budget Law voted in December 2005. 

Thierry Breton told the Senate that “the State will, for the first time in 20 years, reduce its call on the markets by €10bn as compared to the level forecast in the initial issuance programme set by Budget Law”. 

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