France central government debt: outstanding amount
France central government debt: outstanding amount stood at 2,851,205.69 EUR million in Q2 2026, according to Banque de France – Webstat (webstat.banque-france.fr). It is one of the indicators in the Debt securities holders table (Value · Quarterly), with a complete series running from Q1 2008 to Q2 2026. The complete series with an interactive chart, free to download.
This indicator in the Debt securities holders table
| Indicator | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt securities issued by: central government (state) | |||||||||||
| Outstanding amount | 2,851,205.69 | 2,806,221.68 | 2,716,794.87 | 2,759,470.37 | 2,705,525.92 | 2,649,990.36 | 2,589,043.32 | 2,610,925.61 | 2,550,963.83 | 2,490,956.17 | |
| Net issues in the quarter | 44,968.5 | 89,392.66 | -42,682.93 | 54,013.97 | 55,626 | 60,983.9 | -21,924 | 59,910.5 | 59,962 | 64,215.49 |
Understanding france central government debt: outstanding amount
Cumulative nominal stocks of fixed-income liabilities originating from central government authorities measure the total outstanding face value of debt securities issued directly by the central state administration. This metric excludes liabilities of decentralized local governments and social security funds, focusing exclusively on the core budgetary administration. It captures the historical accumulation of central state borrowing through bonds, medium-term notes, and short-term bills.
Reading this balance requires accounting for seasonal tax revenue cycles and centralized debt management strategies that dictate redemption bunching. Year-on-year comparisons offer a clearer picture of structural borrowing trends than sequential quarterly changes, which can be distorted by temporary cash-flow mismatches. Revisions emerge when administrative agencies adjust nominal valuations or correct historical database entries.
Frequently asked questions
- How does central government debt differ from general government debt?
- Central government debt excludes local authorities and social security funds included in general government.
- Are Treasury bills included in this outstanding stock?
- Yes, all negotiable short- and long-term debt securities issued by the central state are counted.
- What is the best way to track long-term debt accumulation?
- Year-on-year comparisons smooth out seasonal issuance spikes and temporary cash management operations.