France negotiable state debt YTD change: total in euros
France negotiable state debt YTD change: total in euros stood at 186,636 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 2009 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Negotiable state debt | |||||||||||
| Negotiable central government debt Year-to-date change - Total in euros | 186,636 | 164,789 | 140,406 | 112,981 | 109,074 | 86,697 | 71,407 | 63,292 | 135,488 | 169,716 | |
| Negotiable central government debt Year-to-date change - Short-term (maturity of less than one year) in euros | 23,281 | 23,698 | 24,712 | 21,196 | 19,527 | 8,207 | 5,111 | 4,209 | -5,219 | 7,837 |
Understanding france negotiable state debt YTD change: total in euros
The cumulative progression of central government borrowing over the calendar year is measured through the year-to-date change in total negotiable debt in euros. This metric calculates the net monetary difference in outstanding domestic-currency negotiable state debt between the end of the preceding calendar year and the current reporting month. By resetting at the start of each calendar year, the series isolates annual fiscal financing accumulation from long-term historical debt stocks. Sibling indicators track monthly issuance flows and outstanding levels by maturity and type.
Interpreting this year-to-date change requires accounting for strong seasonal tax receipt patterns and redemption schedules, which often cause public borrowing to concentrate heavily in specific months. Revisions to early estimates occur as auction settlements and administrative adjustments are finalized across the fiscal accounts. Analysts should avoid comparing the raw year-to-date figure directly against annual budget deficit targets without adjusting for non-debt financing items and cash buffer changes. Month-on-month movements reflect the ongoing pace of fiscal deficit financing throughout the annual cycle.
Frequently asked questions
- When does the year-to-date calculation reset for this series?
- The calculation resets at the beginning of each calendar year.
- Does this measure capture foreign currency debt changes?
- No, this specific series is restricted strictly to debt denominated in euros.
- Why is this year-to-date change useful for fiscal analysts?
- It tracks how much marketable debt the government has added to its portfolio since the start of the calendar year.