General government national accounts - first results – year 2008General government national accounts - first results - Year 2008

In 2008, the general government deficit reached 65.9 billion of euros, that is 3.4% of GDP.

Informations rapides
No 89
Paru le : 31/03/2009
Sommaire
  1. Commentaire
  2. Tableau

Commentaire

In 2008, the general government deficit reached 65.9 billion of euros, that is 3.4% of GDP.

The general government gross debt grew by 9.8% and amounted to 1327.1 billion of euros at the end of 2008.

The growth of the general government net debt was lower and represented 61.3% of the GDP at the end of 2008.

Please note: Data have been updated since March 31. See (in French only) Insee Première n° 1237, "Les comptes des administrations publiques en 2008".

Tableau

Tableau 1 – Public sector finances - Key ratios

(% of GDP)
Public sector finances - Key ratios
2004 2005 2006 2007 2008
General government deficit notified* -3.6 -2.9 -2.3 -2.7 -3.4
General government debt notified 64.9 66.4 63.7 63.8 68.1
Public net debt (**) 58.5 60.5 59.4 59.1 61.3
Total current receipts 49.6 50.4 50.4 49.6 49.3
Total current expenditure 53.2 53.4 52.7 52.3 52.7
Compulsory taxes and contributions 43.2 43.6 43.9 43.2 42.8
  • * General government deficit differs from net borrowing by swaps interest payments (0.3 billion euros in 2008).
  • (**) The public net debt is equal to the general government debt notified minus the currency and deposits, the loans, and the securities other than shares held by the general government on the other sectors.
  • Sources: INSEE, national accounts, base 2000 - Directorate-General of Public Finances (DGFIP), Directorate-General of the Treasury and Economic policy Bank of France