28 December 2010
2010- n° 319At the end of the third quarter of 2010, the public debt reached 1574.6 billion euros Debt of the general government according to the Maastricht definition - 3rd Quarter
2010
At the end of the third quarter of 2010, the public debt, which is a gross debt, reached 1574.6 billion euros, a 17.0 billion euros decrease compared to Q2 2010. As a percentage of GDP, the debt amounted approximately to 81.5%, instead of 82.9% at the end of Q2 2010. The general governement net debt (*) kept growing and represented approximately 74.6% of the GDP, instead of 73.9% at Q2 2010.
A 17.0 billion euros decrease of the public debt
At the end of the third quarter of 2010, the public debt, which is a gross debt, reached 1574.6 billion euros, a 17.0 billion euros decrease compared to Q2 2010. As a percentage of GDP, the debt amounted approximately to 81.5%, instead of 82.9% at the end of Q2 2010. The general governement net debt (*) kept growing and represented approximately 74.6% of the GDP, instead of 73.9% at Q2 2010.
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 Q3 2010 by sub-sector and by instrument category
| Q3 2009 | Q4 2009 | Q1 2010 | Q2 2010 | Q3 2010 | |
|---|---|---|---|---|---|
| General government | 1457.3 | 1489.0 | 1535.5 | 1591.6 | 1574.6 |
| % of GDP | 76.2% | 78.1% | 80.4% | 82.9% | 81.5% |
| of which, by sub-sector : | |||||
| State | 1158.0 | 1162.6 | 1206.0 | 1249.6 | 1235.5 |
| Central agencies | 108.2 | 115.3 | 112.6 | 119.6 | 109.5 |
| Local government | 142.8 | 156.8 | 154.0 | 151.5 | 151.4 |
| Social security funds | 48.3 | 54.3 | 63.0 | 70.9 | 78.3 |
| of which, by category : | |||||
| Currency and deposits | 19.7 | 20.3 | 19.3 | 19.0 | 19.2 |
| Securities other than shares | 1248.0 | 1261.5 | 1301.3 | 1350.1 | 1342.9 |
| of which : | |||||
| Short-term securities | 264.7 | 261.1 | 258.9 | 262.1 | 262.9 |
| Long-term securities | 983.3 | 1000.5 | 1042.4 | 1088.0 | 1080.0 |
| Loans | 189.6 | 207.1 | 215.0 | 222.6 | 212.5 |
| of which : | |||||
| Short-term loans | 26.2 | 24.2 | 39.2 | 47.5 | 36.8 |
| Long-term loans | 163.5 | 182.9 | 175.7 | 175.0 | 175.7 |
- 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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