Public finances in 2022 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
This update concerns the first estimates of the provisional annual general government account (Rapid information no. 75). They are not consistent with the same data in the national accounts tables in 2023, and in particular they are in benchmark 2020 whereas the other data are in benchmark 2014. All the data for the National Accounts in 2023 will be published from 31 May 2024. The table " Main aggregates of the general government accounts in % of GDP" has been updated accordingly. The GDP used is that of the benchmark 2014, but the revisions to GDP in value terms for the benchmark years 2019 and 2020 in the benchmark 2020 are insignificant (less than 0.2%).
tableauMain aggregates of the general government accounts in % of GDP
| Titles | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Expenditure | 56.2 | 55.2 | 61.7 | 59.6 | 58.8 | 57.3 |
| Expenditure excluding imputed items (1) | 51.6 | 51.5 | 57.9 | 56.0 | 55.2 | 53.8 |
| Receipts | 53.9 | 52.8 | 52.8 | 53.0 | 54.0 | 51.9 |
| Receipts excluding imputed items (1) | 49.3 | 48.4 | 48.6 | 49.2 | 50.2 | 48.3 |
| Deficit according to the Maastricht definition | 2.3 | 2.4 | 8.9 | 6.6 | 4.8 | 5.5 |
| Debt according to the Maastricht definition (2) | 98.2 | 97.9 | 114.9 | 113.0 | 111.9 | 110.6 |
| Net debt (3) | 89.2 | 88.8 | 101.6 | 100.8 | 101.7 | 102.4 |
| Compulsory levies (4) | 44.7 | 43.9 | 44.3 | 44.3 | 45.2 | 43.5 |
| of which levies of the European Union | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 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 Insee - Public finance agregates are in base 2020 concepts, GDP is in base 2014 concepts