The public debt reached 1428.0 billion eurosDebt of the general government according to the Maastricht definition - Second Quarter 2009

At the end of the second quarter of 2009, the public debt, which is a gross debt, reached 1428.0 billon euros, a 61.1 billion euros rise compared to Q1 2009. This figure takes into account the change of classification of the Société de financement de l’Économie Française (SFEF), which is no longer classified within general government. As a pourcentage of GDP, the debt amounted approximately to 73.9%, +3.5 points compared to Q1 2009. The growth of the general governement net debt was lower and represented approximately 66.0% of the GDP, +2.4 points compared to Q1 2009.

Informations rapides
No 250
Paru le : 30/09/2009
Prochaine parution le : 22/12/2017 at 08:45 - third quarter 2017

A strong increase of the public debt

At the end of the second quarter of 2009, the public debt, which is a gross debt, reached 1428.0 billon euros, a 61.1 billion euros rise compared to Q1 2009. This figure takes into account the change of classification of the Société de financement de l’Économie Française (SFEF), which is no longer classified within general government. As a pourcentage of GDP, the debt amounted approximately to 73.9%, +3.5 points compared to Q1 2009. The growth of the general governement net debt was lower and represented approximately 66.0% of the GDP, +2.4 points compared to Q1 2009.

GraphIR_EN – General government debt according to the Maastricht definition (% of GDP)

Tableau 1 – General government debt according to the Maastricht definition at the end of Q2 2009 by sub-sector and by financial instrument category

(billion euros)
General government debt according to the Maastricht definition at the end of Q2 2009 by sub-sector and by financial instrument category
Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009
General government 1268.5 1284.2 1314.1 1366.9 1428.0
% of GDP 65.7% 66.0% 67.4% 70.5% 73.9%
of which, by sub-sector :
State 984.9 996.2 1036.2 1080.7 1135.4
Central agencies 90.7 94.8 96.1 109.3 109.8
Local government 132.8 134.3 146.7 142.9 141.1
Social security funds 60.2 59.0 35.1 34.0 41.7
of which, by category :
Currency and deposits 15.8 16.0 23.5 20.7 19.1
Securities other than shares 1055.8 1070.3 1104.1 1167.2 1224.2
Short-term 124.7 150.4 178.3 218.4 228.2
Long-term 931.2 920.0 925.8 948.9 996.0
Loans 196.9 197.9 186.6 179.0 184.7
Short-term 45.9 46.3 16.5 17.1 23.3
Long-term 151.0 151.6 170.1 161.9 161.4
  • Source : National accounts - Insee, DGFiP, Banque de France

Documentation

Methodology (pdf, 131 Ko)