General government deficit decreased by EUR 0.6 billion in April to June 2026 from the previous year

Central government net borrowing grew from one year ago

Central government was EUR 3.2 billion in deficit in April to June. The deficit grew by EUR 0.1 billion from one year ago because central government expenditure grew more than revenue. Central government revenue grew by EUR 0.5 billion and expenditure by EUR 0.6 billion from one year ago.

Financial position of both sub-sectors of local government strengthened

Local government, excluding wellbeing services county administration, showed a surplus of EUR 0.3 billion in April to June. The surplus grew by EUR 0.2 billion from one year ago as tax revenues increased, for example. At the same time, expenditure remained on level with the year before.

In April to June, wellbeing services county administration showed a surplus of EUR 1.2 billion, which in turn was EUR 0.2 billion more than in the previous year. The growth in the surplus is explained by the fact that current transfers received by wellbeing services county administration from central government grew while the growth in the sector's expenditure remained moderate.

Financial position of social security funds strengthened

The employment pension schemes sector showed a surplus of EUR 1.3 billion in the second quarter. The surplus increased by EUR 0.3 billion from the previous year. The growth in the surplus was particularly due to a decrease in investment expenditure, which was affected by significant sales of real estate assets during the reference period.

The other social security funds sector showed a deficit of EUR 0.1 billion in April to June. The deficit diminished slightly from one year earlier. Expenditure decreased especially as a result of contraction in paid social benefits other than social transfers in kind. On the revenue side, social contributions received grew, but other current transfers received decreased significantly.