France debt securities outstanding: government, long-term
France debt securities outstanding: government, long-term stood at 2,874,717 EUR million in Aug 2026, according to Banque de France – Webstat (webstat.banque-france.fr). It is one of the indicators in the Debt securities issuance table (Value · Monthly), with a complete series running from Jan 1999 to Aug 2026. The complete series with an interactive chart, free to download.
This indicator in the Debt securities issuance table
| Indicator | 08-2026 | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Outstanding amount of debt securities (notional value) | |||||||||||
| General government, long-term | 2,874,717 | 2,852,278 | 2,825,541 | 2,798,329 | 2,797,306 | 2,785,235 | 2,763,719 | 2,762,965 | 2,699,030 | 2,729,136 | |
| All resident issuers, all maturities | 5,926,159 | 5,903,774 | 5,887,387 | 5,837,338 | 5,823,461 | 5,796,737 | 5,767,819 | 5,778,305 | 5,658,519 | 5,709,896 |
Understanding france debt securities outstanding: government, long-term
This data series measures the outstanding notional value of long-term debt securities issued by general government bodies with an original maturity exceeding one year. It captures standard sovereign benchmark bonds, inflation-indexed government obligations, and structured public sector debt used to finance structural budget deficits. Excluded are short-term treasury bills and private sector liabilities. Unlike short-term government paper, this metric reflects the core, multi-year funding structure of sovereign debt.
Long-term government debt volumes change steadily in accordance with annual sovereign financing programs and scheduled benchmark bond syndications. Month-to-month movements are generally smooth unless affected by large debt exchanges or buybacks. Year-on-year growth rates provide the standard benchmark for evaluating public debt accumulation over economic cycles. Analysts comparing this series with secondary market bond yields should note that outstanding nominal stocks do not capture shifts in market valuation or yield-to-maturity changes.
Frequently asked questions
- What defines the maturity threshold for long-term government securities?
- Only instruments with an original maturity of greater than one year are included.
- Are inflation-indexed sovereign bonds captured in this long-term total?
- Yes, inflation-linked government bonds with qualifying maturities are included, though their principal values adjust according to indexation rules.
- How does long-term government debt differ from short-term government debt in economic impact?
- Long-term debt locks in sovereign borrowing costs over extended periods, insulating the budget from immediate interest rate volatility.