30 June 2011
2011- n° 164At the end of the first quarter of 2011, the public debt reached 1646.1 billion euros Debt of the general government according to the Maastricht definition - 1st Quarter
2011
At the end of the first quarter of 2011, the public debt, which is a gross debt, reached 1646.1 billion euros, a 54.9 billion euros rise compared to Q4 2010. As a percentage of GDP, the debt amounted approximately to 84.5%, instead of 82.3% at the end of Q4 2010. The general governement net debt (*) kept growing and represented approximately 77.3% of the GDP, instead of 76.5% at Q4 2010.
A 54.9 billion euros increase of the public debt
At the end of the first quarter of 2011, the public debt, which is a gross debt, reached 1646.1 billion euros, a 54.9 billion euros rise compared to Q4 2010. As a percentage of GDP, the debt amounted approximately to 84.5%, instead of 82.3% at the end of Q4 2010. The general governement net debt (*) kept growing and represented approximately 77.3% of the GDP, instead of 76.5% at Q4 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 Q1 2011 by sub-sector and by instrument category
| Q1 2010 | Q2 2010 | Q3 2010 | Q4 2010 | Q1 2011 | |
|---|---|---|---|---|---|
| General government | 1537.9 | 1591.9 | 1575.0 | 1591.2 | 1646.1 |
| % of GDP | 81.2% | 83.5% | 82.1% | 82.3% | 84.5% |
| of which, by sub-sector : | |||||
| State | 1211.0 | 1252.2 | 1238.1 | 1245.0 | 1286.5 |
| Central agencies | 18.5 | 18.5 | 16.4 | 15.0 | 11.9 |
| Local government | 152.3 | 149.6 | 149.5 | 160.6 | 156.5 |
| Social security funds | 156.1 | 171.6 | 171.0 | 170.6 | 191.2 |
| of which, by category : | |||||
| Currency and deposits | 22.3 | 22.0 | 22.3 | 23.0 | 26.4 |
| Securities other than shares | 1301.7 | 1348.4 | 1341.9 | 1346.6 | 1406.7 |
| of which : | |||||
| Short-term securities | 255.6 | 259.1 | 258.4 | 238.7 | 243.8 |
| Long-term securities | 1046.1 | 1089.3 | 1083.5 | 1107.9 | 1162.9 |
| Loans | 213.9 | 221.5 | 210.7 | 221.6 | 213.0 |
| of which : | |||||
| Short-term loans | 34.2 | 42.5 | 31.8 | 27.9 | 26.9 |
| Long-term loans | 179.7 | 179.0 | 179.0 | 193.7 | 186.1 |
- 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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