General government deficit grew by EUR one billion in January to March 2026 from the previous year

Central government's net borrowing grew by EUR 1.3 billion from the quarter one year ago

Central government total revenue at current prices grew by EUR 0.4 billion (2.1 %) and total expenditure grew by EUR 1.8 billion (6.7 %) from the quarter twelve months back.

Expenditure growth was mainly driven by investments occurring during the reference period, notably driven by the start of deliveries of fighter aircraft under Finland’s F-35 Programme.

The financial position of local governemnt was EUR 6.3 billion in deficit in the first quarter of 2026.

Financial position of local government declined from the previous year

Total revenue of local government, excluding wellbeing services county administration, fell by EUR 0.2 billion (-2.4 %) and total expenditure grew by E UR 0.2 billion (2.6 %) from the quarter twelve months back.

Total revenue of wellbeing services county administration grew by EUR 0.4 billion (4.7 %), while total expenditure increased by EUR 0.2 billion (3.3 %) from the quarter twelve months back.

The financial position of local governemnt was EUR 2.9 billion in surplus in the first quarter of 2026.

Surplus of social security grew from the quarter of one year ago

Employment pension schemes’ total revenue grew by EUR 0.2 billion (2.1 %) and total expenditure fell by EUR 0.3 billion (-2.8 %) from the quarter twelve months back. The financial position of employment pension schemes was EUR 1.0 billion in surplus in the first quarter of 2026.

Other social security funds’ total revenue remained at the same level and total expenditure fell by EUR 0.1 billion (-2.4 %) from the quarter twelve months back. Other social security funds' surplus was EUR 0.4 billion in the first quarter of 2026.

Data for 2025 has been revised

General government net borrowing was revised downwards by over EUR one billion from the level in March. This was due to, for example, a revision of government property income and investments and a correction to the source data for the employment pension sector.