A more recent publication of this set of statistics is available.

Latest publication: General government financial accounts 2020, 3rd quarter

Published: 27 September 2019

General government’s net financial assets increased in the second quarter of 2019

At the end of the second quarter of 2019, general government's net financial assets, i.e. the difference between assets and liabilities, amounted to EUR 135.7 billion. Net financial assets grew by EUR 4.4 billion from the previous quarter especially due to employment pension schemes' holding gains from mutual fund shares and positive net purchases of them. These data derive from general government financial accounts compiled by Statistics Finland.

General government’s net financial assets

General government’s net financial assets

Central government's net financial assets grew by EUR 1.3 billion from the previous quarter's level being EUR -65.5 billion at the end of the quarter. Assets grew by EUR 6.0 billion especially as a result of growth in the stock of transferable deposits. Liabilities grew by EUR 4.7 billion mainly due to the rise in the stock of short-term debt securities.

Local government's net financial assets fell to EUR -4.3 billion. Assets decreased by EUR 0.1 billion and, at the same time, liabilities grew by EUR 0.1 billion. The liabilities stock of short-term and long-term loans was EUR 19.4 billion at the end of the quarter.

Employment pension schemes' net financial assets stood at EUR 203.3 billion at the end of the quarter. Employment pension schemes’ net financial assets grew by EUR 3.5 billion compared to the previous quarter. In the second quarter, holding gains were EUR 1.6 billion for mutual fund shares and in addition, their net purchases were EUR 2.0 billion positive. The net financial assets of other social security funds went down by EUR 0.1 billion, especially due to a drop in the deposit stock.

Source: General government financial accounts, Statistics Finland

Inquiries: Olli-Pekka Aaltonen 029 551 3090, Aaro Hottinen 029 551 3231, rahoitus.tilinpito@stat.fi

Director in charge: Ville Vertanen

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Tables in databases

Appendix tables

Revisions in these statistics

Updated 27.9.2019

Referencing instructions:

Official Statistics of Finland (OSF): General government financial accounts [e-publication].
ISSN=1798-1964. 2nd quarter 2019. Helsinki: Statistics Finland [referred: 19.1.2021].
Access method: http://www.stat.fi/til/jyrt/2019/02/jyrt_2019_02_2019-09-27_tie_001_en.html