General government deficit grew by EUR 0.5 billion in October to December 2025 from the previous year

Central government's net borrowing fell from the quarter one year ago

Central government total revenue at current prices grew by EUR 0.4 billion and total expenditure fell by EUR 0.3 billion from the quarter twelve months back. The revenue item that grew most in monetary terms was income taxes and value added tax.

Financial position of local government declined

Total revenue of local government, excluding wellbeing services county administration, fell by EUR 0.3 billion and total expenditure grew by EUR 0.4 billion from the quarter twelve months back.

Total revenue of wellbeing services county administration grew by EUR 0.3 billion, while total expenditure increased by EUR 0.1 billion from the quarter twelve months back.

The revenue item of local government that grew most in monetary terms was sales of goods and services. The expenditure item that increased most was compensation of employees. The combined deficit (net borrowing) of local government was EUR 2.8 billion in the fourth quarter.

Net lending of social security funds decreased

The financial position of employment pension schemes remained at the same level as a year earlier, showing a surplus of EUR 0.5 billion. Expenditure grew moderately, partly due to the smaller index increase in pensions compared to the previous year.

The total revenue of other social security funds increased by EUR 0.3 billion, while total expenditure fell by EUR 0.1 billion from the corresponding quarter of the previous year. In nominal terms, social security contributions received showed the largest increase in revenue. The sector recorded a deficit of EUR 0.5 billion in the final quarter of the year.

The statistics for the entire year 2025 have been revised

The statistics have been compiled by extrapolating the previous year’s annual levels using quarterly data available. After the release of the annual preliminary figures in March, the previous year’s quarterly data have been aligned with the annual data. This alignment has resulted in revisions particularly for 2025.