Key figures

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 - Forecast (French State amending budget bill 25 April 2020)

Net budgetary cost: €36.56bn
OATs interests*: €34.75bn
Index-linking cost of OATs: €0.70bn
BTFs interests: €-0.53bn
Debt assumed by the State: €0.49bn (of which €0.41bn SNCF Réseau)
Treasury: €1.13bn

 

Net accrual cost*: €28.23bn
of which spread of premiums and discounts at issuance, through borrowing term: €-9.24bn

* maastrichtian accounting and general accounting of the State

 

Updated on 27 April 2020

The State accounts

States accounts on the Ministry for Government Action and Public Accounts website (in French)