France long-term state debt share: general government
France long-term state debt share: general government stood at 1.01% in Q2 2026, according to Banque de France – Webstat (webstat.banque-france.fr). It is one of the indicators in the Debt securities holders table (Value · Quarterly), with a complete series running from Q1 2008 to Q2 2026. The complete series with an interactive chart, free to download.
This indicator in the Debt securities holders table
| Indicator | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Residents | 42.16 | 44.74 | 46.22 | 47.05 | 47.43 | 48.04 | 48.28 | 48.7 | 48.37 | 48.68 | |
| General government | 1.01 | 1 | 0.14 | 1.02 | 1.06 | 1.06 | 0.12 | 1.23 | 1.17 | 1.22 | |
| Households and sole proprietors | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
Understanding france long-term state debt share: general government
Public sector entities within the domestic jurisdiction hold the proportional share of extended-maturity sovereign debt issued by the central administration. This measure encapsulates intra-governmental ownership, capturing debt instruments held by sub-central authorities, social security funds, and public agencies rather than private commercial actors. It excludes liabilities held by foreign states and domestic private sector institutions, concentrating entirely on the consolidation of public sector balance sheets.
Interpreting this proportional metric necessitates caution regarding administrative reclassifications of public entities or consolidation rules applied by statistical authorities. Year-on-year comparisons provide a clearer picture of long-term fiscal strategy than quarter-on-quarter changes, which can be distorted by temporary treasury operations. Analysts must not confuse this internal public sector holding percentage with the overall external debt burden of the state. Revisions often occur when statistical agencies update the institutional roster defining the general government sector.
Frequently asked questions
- Which entities are included under the general government umbrella here?
- Central government agencies, local authorities, and social security funds operating domestically are grouped together.
- Does this series include debt held by foreign governments?
- No, it focuses strictly on resident general government holdings of domestic state obligations.
- Why might sudden shifts occur in these reported shares?
- Administrative reclassifications of specific public agencies between sectors frequently cause structural breaks.