Go to content
Search

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

review

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.

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

General government financial assets, liabilities and net assets, EUR billion

2013201420152016201720182019202020212022/Q1
NetS13 General government112,0116,9118,9122,8137,1127,1150,3152,5181,9170,5
S1311 Central government-43,8-51,8-56,3-59,7-58,7-59,7-56,1-60,5-64,5-72,0
S1313 Local government-2,8-2,7-3,7-4,0-2,9-5,8-7,9-7,5-6,5-3,7
S1314 Social security funds158,7171,4178,9186,5198,7192,6214,4220,5252,9246,2
AssetsS13 General government262,0280,8292,5303,1320,6313,8343,2373,7402,2390,9
S1311 Central government70,473,475,676,877,580,489,1106,6101,293,0
S1313 Local government27,629,630,631,432,733,334,938,440,940,5
S1314 Social security funds164,1177,8186,3194,9210,3200,1219,3228,7260,1257,4
LiabilitiesS13 General government150,0164,0173,6180,3183,5186,8193,0221,3220,3220,4
S1311 Central government114,2125,1131,8136,5136,2140,1145,2167,1165,7165,0
S1313 Local government30,432,434,335,435,639,142,845,947,544,2
S1314 Social security funds5,46,57,58,411,77,54,98,37,111,2

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.


Figures

See key statistical data in the figures.

Shares and other equity held by employment pension schemes 2005Q4-2022Q1

Financial assets of central government 2005Q4-2022Q1

Data revisions

See key statistical data in the tables.

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

Database tables

Pick the data you need into tables, view the data as graphs, or download the data for your use.

Database tables with background information relevant to the publication
11n9
Classifications used:
  • Sector
  • Debtor sector
  • Instrument
Reference period cycle:
quarter
Updating frequency:
quarter
Statistics:
Updated:

Future releases

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: 29.4.2026].
Access method:

Related topics

National economy

Contact information

Service email
rahoitus.tilinpito@stat.fi

Inquiries primarily

Olli-Pekka Aaltonen
Senior Statistician
029 551 3090
External link Twitter@OPAaltonen

Other experts

Johannes Nykänen
Senior Statistician
029 551 3641

Head of Department in charge

Katri Kaaja
Head of Department in charge
029 551 3488