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Reported public debt
Definition
Reported public debt is evaluated based on the national accounts table of financial operations, but does not directly correspond to this presentation. It excludes certain types of debts (mainly commercial credits and mismatches). It is evaluated in gross value: we do not deduct from debt cash transfers from general governments to organisations that are not part of general governments, including, for example, the Treasury's cash assets in the form of deposits with the Banque de France or pensions, CADES investments, etc.
It is consolidated : we deduct the debts held by certain general governments against other general governments, and particularly the deposits of local authorities with the Public treasury. Lastly, it is evaluated in nominal value, that is, at the face value of the debt and not at the market value as is done in the national accounts.
