“If we had to set the rate today, we would be around 1.80 %, 1.85 for the one year good, and around 3 % for the good to 10 years … It would be very similar to the emission of June.” However, he adds: “But in August, experience, things can sometimes change fairly quickly. August is a month when there are a lot of people on the market, but when there are not many transactions, and therefore I on the equity market, we see that it can change very quickly.”
At the end of July 2025, the debt of the federal state amounted to 533.659 billion euros. Federal state debt has thus increased by 3.00 billion euros since June.
In net terms (after deduction of investments and portfolio titles), the federal state debt increased by 2.63 billion euros, to be at 520.828 billion euros.
What is a state voucher?
“A state voucher is an investment where money is made available to the federal state, a very secure investment,” explains Jean Deboutte. It is a product that looks like the cash fitting, where it is the bank that makes you money, or an obligation, where it is a company that makes you money. It is secure because the Belgian state is unlikely to fall into bankruptcy.
