The national accounts in 2021 National accounts - 2014 Base
Public finances in 2021 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
In the contexte of the notification of general government debt and deficit to the European Commission, the annual accounts are updated each year at the end of August to incorporate the final social security accounting data not available for the April 1 notification, as well as revisions that may affect general government account. This update will be carried out with the publication of the detailed results of the quarterly accounts for the second quarter.
tableauMain aggregates of the general government accounts in % of GDP
| Titles | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| Expenditure | 56.7% | 56.5% | 55.6% | 55.4% | 61.3% | 59.1% | 58.1% |
| Expenditure excluding imputed items (1) | 52.7% | 52.6% | 51.5% | 51.4% | 57.9% | 56.0% | 55.1% |
| Receipts | 53.0% | 53.5% | 53.4% | 52.3% | 52.4% | 52.6% | 53.4% |
| Receipts excluding imputed items (1) | 49.3% | 49.8% | 49.3% | 48.4% | 48.6% | 49.3% | 50.1% |
| Deficit according to the Maastricht definition | -3.6% | -3.0% | -2.3% | -3.1% | -9.0% | -6.5% | -4.7% |
| Debt according to the Maastricht definition (2) | 98.0% | 98.1% | 97.8% | 97.4% | 114.6% | 112.9% | 111.6% |
| Net debt (3) | 89.2% | 89.4% | 89.2% | 88.9% | 101.2% | 100.3% | 101.0% |
| Compulsory levies (4) | 44.6% | 45.1% | 44.7% | 43.8% | 43.7% | 44.3% | 45.3% |
| of which levies of the European Union | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.3% |
- (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
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
Sheet