31 March 2011
2011- n° 82At the end of the fourth quarter of 2010, the public debt reached 1591.2 billion euros Debt of the general government according to the Maastricht definition - 4th Quarter
2010
At the end of the fourth quarter of 2010, the public debt, which is a gross debt, reached 1591.2 billion euros, a 16.2 billion euros increase compared to Q3 2010. As a percentage of GDP, the debt amounted to 81.7%, instead of 81.5% at the end of Q3 2010. The growth of the general governement net debt (*) was higher and represented 75.9% of the GDP instead of 75.1% at the end of the Q3 2010.
A 16.2 billion euros increase of the public debt
At the end of the fourth quarter of 2010, the public debt, which is a gross debt, reached 1591.2 billion euros, a 16.2 billion euros increase compared to Q3 2010. As a percentage of GDP, the debt amounted to 81.7%, instead of 81.5% at the end of Q3 2010. The growth of the general governement net debt (*) was higher and represented 75.9% of the GDP instead of 75.1% at the end of the Q3 2010.
tableauTableau1 – The debt of the general government according to the Maastricht definition at the end of Q4 2010 by sub-sector and by instrument category
| Q4 2009 | Q1 2010 | Q2 2010 | Q3 2010 | Q4 2010 | |
|---|---|---|---|---|---|
| General government | 1492.7 | 1537.9 | 1591.9 | 1575.0 | 1591.2 |
| % of GDP | 78.3% | 80.5% | 82.9% | 81.5% | 81.7% |
| of which, by sub-sector : | |||||
| State | 1167.8 | 1211.0 | 1252.2 | 1238.1 | 1245.0 |
| Central agencies | 18.7 | 18.5 | 18.5 | 16.4 | 15.0 |
| Local government | 155.2 | 152.3 | 149.6 | 149.5 | 160.6 |
| Social security funds | 151.1 | 156.1 | 171.6 | 171.0 | 170.6 |
| of which, by category : | |||||
| Currency and deposits | 23.4 | 22.3 | 22.0 | 22.3 | 23.0 |
| Securities other than shares | 1262.5 | 1301.7 | 1348.4 | 1341.9 | 1346.6 |
| of which : | |||||
| Short-term securities | 258.3 | 255.6 | 259.1 | 258.4 | 238.7 |
| Long-term securities | 1004.2 | 1046.1 | 1089.3 | 1083.5 | 1107.9 |
| Loans | 206.8 | 213.9 | 221.5 | 210.7 | 221.6 |
| of which : | |||||
| Short-term loans | 19.2 | 34.2 | 42.5 | 31.8 | 27.9 |
| Long-term loans | 187.6 | 179.7 | 179.0 | 179.0 | 193.7 |
- 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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