19 December 2009: State financing programme for 2009

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In 2009, the total financing requirement for the State will amount to € 191.7 billion, out of which €79.3 billion result from the projected deficit for 2009 and €110.8 billion result from the medium- and long-term falling due in 2009.This funding requirement will be covered by medium- and long-term borrowing (BTAN & OAT) up to 145.0bn net of buybacks. Furthermore, a €23bn increase of short-term bills outstanding (BTF) is planed.

Financing requirement (in billion euros) - 2009
Long-term debt redemption 63.4
Medium-term debt redemption 47.4
Other commitments by the State 1.6
Budget deficit 79.3
Total financing requirement 191.7
Financing sources (in billion euros) - 2009
Medium- and Long-term issuance (BTAN/OAT) net of buybacks 145.0
Cancellation of State securities by the Caisse de la Dette Publique 2.5
Net changes in BTFs 23.0
Change in treasury correspondents' deposits 0
Change in Treasury account 19.0
Other sources 2.2
Total financing sources 191.7

A detailed financing programme will be disclosed in a few days. 

Press contact :
Pierre Salaun
+ 33 1 4004 1550
+33 6 7224 0388