Today, the Council of Ministers adopted the revised Draft Budget Bill for 2020.
The impact of the health crisis and the government's economic support measures to address it, increase the financing requirement by €15.1bn compared to the initial Budget Act (LFI) for 2020. The State deficit to be financed in 2020 is thus increased to €108.5bn, compared to €93.1bn projected in the LFI for 2020.
In this context, Bruno Le Maire, Minister for the Economy and Finance, adopted the revised details of the financing programme for 2020.
Medium-and long-term issuances net of buybacks will stand at €210bn (+€5bn compared to the LFI for 2020). The net change in the BTF outstanding will amount to €27.5bn (+€17.5bn compared to the LFI for 2020).
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