The City’s debt
€€5.78B in 2019 · €€9.4B in 2025
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How the City borrows, end-2025
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The loans it guarantees
€12.97 B at end-2025 · 10,347 loans of 106 landlords and operators
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The borrowers repay €640.3 M a year. If one of them can no longer pay, the City pays in its place.
What the debt costs in 2025
€541.4 M paid in the year, 4.7% of the City’s spending.
€€429.4M in 2019 · €€541.4M in 2025
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The loans have 14 years left on average. Next large maturity: €750 M to repay in May 2028.
Understand
What does guaranteeing a loan mean?
The guaranteed loans are those of social landlords and City operators. They stay in these borrowers’ accounts. If one of them stops repaying, the City pays in its place.
How many years would it take to repay?
How many years of savings it would take to repay all the debt.
According to the City’s financial report: 11.7 years in 2025 (€9.38 B of debt ÷ €800.1 M of gross savings). Financial report ↗
According to the regional audit office: 39.6 years at end-2024, after adding to the debt the capitalised rents from long leases (debt raised to €10.61 B). Audit office report ↗
What does the City own?
On the end-2025 balance sheet, the City’s assets are worth €49.47 B: schools, roads, buildings, parks. They are counted at their original cost.
Fixed assets€48.15BCurrent assets€951.7MCash€334.2MPrepayments€33MWhat is the golden rule?
Four rules frame a municipality’s debt:
- Day-to-day spending is covered by day-to-day revenue.
- Borrowing only pays for investment.
- Capital is repaid from the City’s revenue, without new borrowing.
- The budget estimates revenue and spending as accurately as possible.
Where do these numbers come from?
Balance sheet of the City’s administrative account on opendata.paris.fr; debt structure from the annexes and financial reports; guaranteed loans from the “guaranteed debt” annex.
opendata.paris.fr ↗ · Guaranteed debt ↗ · JSON 2025 ↗ · Guarantees 2025 ↗ · Full method for this page →
Source: City of Paris, balance sheet of the administrative account and “guaranteed debt” annex. Financial debt: bank loans, bonds and other financial debts.