31 March 2010
2010- n° 87The public debt reached 1489.0 billion euros Debt of the general government according to the Maastricht definition - 4th Quarter
2009
At the end of the fourth quarter of 2009, the public debt, which is a gross debt, reached 1489.0 billion euros, a 31.7 billion euros rise compared to Q3 2009. As a percentage of GDP, the debt amounted to 77.6%, +1.8 point compared to Q3 2009. The growth of the general government net debt (*) was lower and represented 70.7% of the GDP, +1.3 point compared to Q3 2009.
A 31.7 billion euros increase of the public debt
At the end of the fourth quarter of 2009, the public debt, which is a gross debt, reached 1489.0 billion euros, a 31.7 billion euros rise compared to Q3 2009. As a percentage of GDP, the debt amounted to 77.6%, +1.8 point compared to Q3 2009. The growth of the general government net debt (*) was lower and represented 70.7% of the GDP, +1.3 point compared to Q3 2009.
graphiqueGraphIR_EN – Debt of the general government according to the Maastricht definition (% of GDP)
tableauTableau1 – The debt of the general government according to the Maastricht definition at the end of Q4 2009 by sub-sector and by instrument category
| Q4 2008 | Q1 2009 | Q2 2009 | Q3 2009 | Q4 2009 | |
|---|---|---|---|---|---|
| General government | 1315.1 | 1347.2 | 1428.6 | 1457.3 | 1489.0 |
| % of GDP | 67.5% | 69.5% | 74.0% | 75.8% | 77.6% |
| of which, by sub-sector : | |||||
| State | 1036.2 | 1079.9 | 1134.6 | 1158.0 | 1162.6 |
| Central agencies | 95.5 | 88.9 | 109.2 | 108.2 | 115.3 |
| Local government | 148.1 | 144.1 | 142.3 | 142.8 | 156.8 |
| Social security funds | 35.4 | 34.3 | 42.4 | 48.3 | 54.3 |
| of which, by category : | |||||
| Currency and deposits | 23.4 | 20.6 | 19.0 | 19.7 | 20.3 |
| Securities other than shares | 1103.7 | 1146.2 | 1223.5 | 1248.0 | 1261.5 |
| of which : | |||||
| Short-term securities | 177.4 | 216.7 | 227.0 | 264.7 | 261.1 |
| Long-term securities | 926.3 | 929.5 | 996.5 | 983.3 | 1000.5 |
| Loans | 188.1 | 180.3 | 186.0 | 189.6 | 207.1 |
| of which : | |||||
| Short-term loans | 16.7 | 17.3 | 23.6 | 26.2 | 24.2 |
| Long-term loans | 171.4 | 163.0 | 162.4 | 163.5 | 182.9 |
- Source : National accounts - Insee, DGFiP, Banque de France
(*) 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.
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