General government net financial assets fell in the first quarter of 2022

Review related to topics:National economy
review | General government financial accounts 2022, 1st quarter

Change

For the statistical reference years 2000 to 2021, there was an exceptional revision in the statistics on general government debt by quarter, general government financial accounts and national accounts in the releases of 28 June 2022. The reason is the methodological change made to the treatment of government ARA loans, which raised the level of long-term loans in central and local government considerably for the entire time series on both liability and asset sides.
Read more about the change

At the end of the first quarter of 2022, general government's net financial assets, i.e. the difference between assets and liabilities, amounted to EUR 170.5 billion. Net financial assets fell by EUR 11.5 billion from the previous quarter. The fall was especially due to holding losses of central government and employment pension schemes. These data derive from general government financial accounts compiled by Statistics Finland.

The central government sector’s net financial assets decreased by EUR 7.6 billion from the previous quarter and were EUR 72.0 billion negative at the end of the quarter.

The local government sector’s net financial assets increased by EUR 2.8 billion, being EUR 3.7 billion negative at the end of the quarter.

Employment pension schemes' net financial assets were EUR 244.4 billion positive at the end of the quarter and their net financial assets declined by a total of EUR 6.5 billion from the previous quarter.

The methodological change made to the treatment of government ARA loans raised the level of long-term loans in central and local government considerably for the entire time series on both liability and asset sides. Read more about the change and its impact in the revision release.


Change

For the statistical reference years 2000 to 2021, there was an exceptional revision in the statistics on general government debt by quarter, general government financial accounts and national accounts in the releases of 28 June 2022. The reason is the methodological change made to the treatment of government ARA loans, which raised the level of long-term loans in central and local government considerably for the entire time series on both liability and asset sides.
Read more about the change

Figures

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Shares and other equity held by employment pension schemes

Financial assets of central government

Data revisions

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Revisions to the sectors' net financial assets from the first publication, EUR million

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Database tables with background information relevant to the publication
Classifications used:
  • Sector
  • Debtor sector
  • Instrument
Reference period cycle:
quarter
Updating frequency:
quarter
Updated:

Future releases

Documentation

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Go to documentation of the statistics

Referencing instructions

Official Statistics of Finland (OSF): General government financial accounts [online publication].
Reference period: 2022, 1st quarter. ISSN=1798-1964. Helsinki: Statistics Finland [Referenced: 5.11.2024].
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