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| Content Provider | OECD iLibrary |
|---|---|
| Organization | OECD |
| Abstract | Le montant des actifs et passifs financiers détenus par les administrations a une importance politique et économique considérable. Les actifs représentent une source de revenus supplémentaires à la disposition de l’État et une source de fonds dans laquelle il peut puiser sans nécessairement accroître les passifs, par exemple à titre de levier supplémentaire pour protéger sa monnaie lorsque les marchés monétaires exercent des pressions à la hausse prohibitives sur les rendements des obligations entre autres. Les passifs pour leur part reflètent les dettes accumulées par les administrations et donnent de ce fait une indication sur la nature structurelle du service de la dette (qui vient alourdir le déficit public). Ceci est important car en règle générale, plus le montant des passifs est important, plus le risque de défaillance perçu est fort (et donc plus la prime de risque exigée par le marché est élevée). Ce cycle peut finir par forcer les gouvernements soit à réduire les dépenses, soit à relever les impôts. L’importance de la dette brute des administrations publiques et, en particulier, l’importance d’un niveau durable d’endettement, se reflète dans les critères de Maastricht, où elle constitue l’une des deux mesures citée dans la Procédure de déficit excessif. |
| Language | French |
| Publisher | OECD Publishing |
| Publisher Date | 2013-03-18 |
| Access Restriction | Open |
| Subject Keyword | Economics |
| Content Type | Text |
| Resource Type | Chapter |
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