The national accounts in 2020 National accounts - 2014 Base
Public finances in 2020 National accounts - 2014 Base
The "Public finances" item introduces the leading indicators published by Insee relating to the general government accounts. It aims at satisfying the growing interest of a large audience for information on this topic (political decision makers, international organizations...). Its implementation follows the recommendations of the IMF formulated in a quality audit run in 2003.
Warning
Every year, at the end of March, Insee publishes a provisional evaluation of general government account. Number 81 of “General government national accounts - first results” describes the main changes for the year 2021. At that time, general government debt and deficit according to the Maastricht definition are notified to the European Commission, according to the excessive deficit procedure.
Tables showing the main aggregates relative to general government debt and deficit according to the Maastricht definition have thus been revised (since 1995 and 2009 respectively) to conform with the 2022-03-31 notification. These provisional tables are issued before the publication of the whole new national accounts campaign that will occur on 2022-05-30. Except for these provisional tables 3.101prov, 3.102prov, 3.103prov and 3.106prov and for Main aggregates of the general government accounts, other results stem from the last national accounts campaign published on 2021-05-28.
tableauMain aggregates of the general government accounts in % of GDP
| Titles | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|---|---|
| Expenditure | 56,8 | 56,7 | 56,5 | 55,6 | 55,4 | 61,4 | 59,2 |
| Expenditure excluding imputed items (1) | 52,7 | 52,7 | 52,6 | 51,5 | 51,4 | 58,0 | 56,2 |
| Receipts | 53,2 | 53,0 | 53,5 | 53,4 | 52,3 | 52,5 | 52,8 |
| Receipts excluding imputed items (1) | 49,4 | 49,3 | 49,8 | 49,3 | 48,4 | 48,8 | 49,4 |
| Deficit according to the Maastricht definition | - 3,6 | - 3,6 | - 3,0 | - 2,3 | - 3,1 | - 8,9 | - 6,5 |
| Debt according to the Maastricht definition (2) | 95,6 | 98,0 | 98,1 | 97,8 | 97,4 | 114,6 | 112,9 |
| Net debt (3) | 86,3 | 89,2 | 89,4 | 89,2 | 88,9 | 102,1 | 101,2 |
| Compulsory levies (4) | 44,5 | 44,6 | 45,1 | 44,7 | 43,8 | 44,4 | 44,5 |
| of which levies of the European Union | 0,1 | 0,2 | 0,2 | 0,2 | 0,2 | 0,2 | 0,2 |
- (1) The expenditure and receipts of the general government excluding the imputed socials contributions may, in certain cases, prove to be a better basis for international comparisons.
- (2) Debt according to the Regulation n°3605 of the European Commission.
- (3) The general government net debt is defined as the difference between the general government debt according to the Maastricht definition and the deposits, loans and securities (excluding shares) held by the general government over the other sectors.
- (4) Excluding imputed social contributions.
- Source: National accounts - Base 2014, INSEE.
Pour en savoir plus
Number 81 of the « Informations Rapides » serie
Avertissement
Methodology of the annual accounts
From May 30, 2018, INSEE publishes the national accounts in 2014 base.
The most significant changes concern the national economy's transactions with the rest of the world, as well as the estimations of flows of property income between resident agents (enterprises, households, general government, etc.) as well as between resident agents and the rest of the world.
This basic change is accompanied by some improvements that are described in the " The national accounts switch to 2014 base" folder and in the methodology sheets of the 2014 database.
Online, aids to understanding facilitate the reading of results (definitions, classification, glossary).
Presentation of the transition to the 2014 base of the national accounts
Folder
> The national accounts switch to 2014 base (pdf, 110 Ko)
> Gross National Income Inventory 2010 (pdf, 6000 Ko)
Sheet
> Estimates of property income flows in the 2014 base (pdf, 135 Ko)
> General government quarterly Maastricht debt (pdf, 154 Ko)