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At the end of the third quarter of 2011, the public debt reached 1688.9 billion euros

The general government debt according to the Maastricht definition – 3rd quarter of 2011

A 3.6 billion euros decrease of the public debt

At the end of the third quarter of 2011, the public debt, which is a gross debt, reached 1688.9 billion euros, a 3.6 billion euros decrease compared to Q2 2011. As a percentage of GDP, the debt amounted approximately to 85.3%, instead of 86.2% at the end of Q2 2011. The general governement net debt (*) kept growing and represented approximately 78.6% of the GDP, instead of 77.8% at Q2 2011.

Debt of the general government according to the Maastricht definition (% of GDP)

Debt of the general government according to the Maastricht definition (% of GDP)
The debt of the general government according to the Maastricht definition at the end of Q3 2011 by sub-sector and by instrument category
(billion euros)
Source : National accounts - Insee, DGFiP, Banque de France
Q3 2010 Q4 2010 Q1 2011 Q2 2011 Q3 2011
General government 1575.0 1591.2 1646.1 1692.5 1688.9
% of GDP 82.1% 82.3% 84.5% 86.2% 85.3%
of which, by sub-sector :
State 1238.1 1245.0 1286.5 1339.1 1330.7
Central agencies 16.4 15.0 11.9 10.7 10.8
Local government 149.5 160.6 156.5 153.8 152.9
Social security funds 171.0 170.6 191.2 189.0 194.6
of which, by category :
Currency and deposits 22.3 23.0 26.4 28.2 31.0
Securities other than shares 1341.9 1346.6 1406.7 1467.0 1457.2
of which :
Short-term securities 258.4 238.7 243.8 254.4 266.8
Long-term securities 1083.5 1107.9 1162.9 1212.5 1190.5
Loans 210.7 221.6 213.0 197.4 200.6
of which :
Short-term loans 31.8 27.9 26.9 9.9 12.3
Long-term loans 179.0 193.7 186.1 187.4 188.4

(*) The public net debt is defined as the difference between the public debt according to the Maastricht definition and the deposits, loans and securities other than shares held by the general government over the other sectors. Those assets are accounted in their nominal value.

Informations Rapides

n° 317 - December 28, 2011

Debt of the general government according to the Maastricht definition - 3rd Quarter 2011

Next issue June 28, 2013 08:45 - 1st Quarter 2013

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