assets and liabilities
Left: what the City owns. Right: how it is financed (equity + debts + provisions).
Assets · 2024 — unavailable.
Assets, in detail
Breakdown of assets by major category: real estate, roads, equipment, participations, cash. SEMs and public offices have their own balance sheet (cf. social housing landlords).
Unavailable.
Note: fixed assets represent almost all of the balance sheet (> 95%). They include buildings, equipment, roads, networks — valued at historical cost, not market value.
Who does Marseille borrow from?
Financial debt breaks down into bank loans, bonds (capital markets) and structured loans.
Unavailable.
Off-balance-sheet commitments
Primarily loan guarantees granted to social housing landlords: Marseille repays in their place only if they default.
Off-balance-sheet data unavailable for this fiscal year.
The safeguards
The four balance rules a local authority must observe to remain solvent.
Operating section voted in balance
Operating revenue must cover operating spending. Impossible to borrow to pay staff or recurring grants.
Article L.1612-4 CGCTBorrowing finances only capital investment
No debt to pay day-to-day costs. Debt builds schools, swimming pools, housing — assets that serve for a long time.
Article L.1612-4 CGCTDebt principal repaid from own resources
Each year, loan principal repayments must come from savings, not from new borrowing.
Article L.1612-4 CGCT · circulaire DGCLThe budget must be sincere
Revenue is not overstated, spending is not understated. Monitored by the regional chamber of accounts.
Loi de programmation des finances publiques 2023-2027