26 September 2008: State funding programme for 2009

This page is an archive, only available in English and French.

The 2009 French draft budget bill has been adopted today by the Government. Agence France Trésor indicates that the net issuance of medium- and long-term securities (BTAN, OAT) will amount to € 135.0 billion in 2009. The total financing requirement for the State will amount to € 165.3 billion, out of which €52.1 billion result from the projected deficit for 2009 and €111.6 billion result from the medium- and long-term falling due in 2009.

A detailed financing programme will be disclosed in December 2008. The amount of issuance for 2009 may then be revised, depending in particular on possible debt buybacks by end-2008.

Funding programme of the State for 2009  (in billion euros) Financing requirement Long-term debt redemption 63.9 Medium-term debt redemption 47.7 Other commitments by the State 1.6 Budget deficit 52.1 Total 165.3 Financing sources Medium- and long-term issuance (OAT/BTAN) net of buybacks 135.0 Cancellation of State securities by the CDP 2.5 Net changes in BTFs 25.0 Change in Treasury correspondents' deposits - Change in Treasury account and others - Others cash ressources 2.8 Total 165.3

Press contact: 

Pierre Salaun  

33 1 40 04 15 50

33 6 72 24 03 88