The State releases more than a billion euros for loans guaranteed by the State
The State is releasing more than a billion euros to deal with the increase in failures of companies that have benefited from loans guaranteed by the State.
At the end of 2026, the French executive opened nearly 1 billion euros in additional credits for state-guaranteed loans (PGE). The “claims rate” is higher among companies supported during Covid, which comes at an unfavorable time for Bercy. This measure is included in the end-of-management finance bill (PLFG) 2026, presented to the Council of Ministers this Wednesday.
Nearly 700,000 companies have used an EMP. This year, the difficulties of the French economy seem to have heavily affected those who had not yet repaid this loan. These failures also result in a high additional cost for public finances.
The PLFG 2026 thus records the opening of more than 1 billion euros in payment credits "in order to cover larger guarantee calls than initially anticipated, particularly in respect of loans guaranteed by the State (PGE)."
Machine-translated from French
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- Journal du Net5 Nov, 11:58
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