The accounts of government departments in 2007

Hoang-Oanh Duong, Jean-Philippe Perret, Philippe Vial,direction générale du Trésor et de la politique économique Danielle Lefeuvre, direction générale des Finances publiques Luc Brière, département des Comptes nationaux, Insee

In 2007, the public deficit as defined in the Maastricht Treaty increased by €7.7 billion to reach €50.3 billion. It increased from 2.4% of GDP in 2006 to 2.7% in 2007. The accounts of central and local government departments contributed to this deterioration, while those of social security departments improved. The level of tax and social security deductions fell by 0.6% of GDP to 43.3% and government spending as a proportion of GDP fell by 0.3% to 52.4%. Government debt as defined in the Maastricht Treaty increased to €1,209.5 billion at the end of 2007; it increased as a proportion of GDP by 0.3% to reach 63.9%.

Insee Première N° 1190
No 1190
Paru le : 15/05/2008