According to figures from the National Institute of Statistics and Economic Studies (Insee) revealed at 8:45 a.m., France’s public debt stands at 111.8% of GDP at the end of the 2nd quarter of 2023. The debt of public administrations at meaning of Maastricht thus decreases by 0.7 points compared to the previous quarter (112.5% of GDP).
The public debt to GDP ratio fell by 1.4 points over one year (113.2% of GDP in the 2nd quarter of 2022). Before the health crisis, in the 4th quarter of 2019, France had a public debt to GDP of 97.4%.
What you need to know about this indicator: Debt within the meaning of Maastricht covers all public administrations: the State, local public administrations, Social Security, etc. It is a gross debt (it only takes into account liabilities), consolidated (it does not take into account takes into account the debt of one administration held by another) and expressed in face value. This is the measure of public debt retained by the Maastricht Treaty, of which 2 convergence criteria concern public deficits. One of these criteria provides that public debt does not exceed 60% of GDP.
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