(Source: AFT - Agence France Trésor) Pierre Moscovici, Minister for the Economy and Finance, has approved the indicative financing programme of the French Republic for 2013. In 2013, the State budget deficit will amount to € 62.3bn, the redemptions of long- and medium-term debt will amount to €106.9bn and the redemptions of other debts will amount to €1.6bn. The State funding requirement will therefore amount to €170.8bn. This funding requirement will be covered by medium- and long-term borrowing (BTAN & OAT) of €169bn net of buybacks, and the cancellation by the Caisse de la Dette Publique of €4bn of securities. The short-term bills outstanding (BTF) will decrease by €0.3bn. The funding...
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