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National economy

General government deficit and debt

Official Statistics of Finland (OSF)
The statistics on general government deficit and debt are part of national accounts and contain data on Finland's general government deficit and debt. These reports are part of the Excessive Deficit Procedure (EDP). The data are collected from several sources and published twice a year.

Producer:

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 financial accounts in the releases of 28 June 2022. The same revision was implemented to general government deficit and debt release of 21 October 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.
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Database tables

Releases

According to the revised data reported by Statistics Finland to Eurostat, general government deficit was 2.7 per cent relative to gross domestic product in 2021. The deficit was again below the reference value of the European Union’s Stability and Growth Pact, which is three per cent relative to gross domestic product. General government EDP debt, or consolidated gross debt, was 72.4 per cent relative to gross domestic product at the end of 2021. Although the ratio of debt to GDP was 2.4 percentage points lower than one year earlier, it still clearly exceeded the reference value of 60 per cent. The methodological change to the treatment of ARA interest subsidy loans increased the GDP share of the debt by 5.9 percentage points for 2021.

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release | General government deficit and debt 2021

Future releases

Figures

See key statistical data in the figures.
21.10.2022

General government deficit 2001-2021

The content of the figure changes according to the selections you make. You can download the figure data as an Excel table from the menu or listen to it with screen reader software after this figure.
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20015.0
20024.1
20032.4
20042.2
20052.7
20064.0
20075.1
20084.2
2009-2.5
2010-2.5
2011-1.0
2012-2.2
2013-2.5
2014-3.0
2015-2.4
2016-1.7
2017-0.7
2018-0.9
2019-0.9
2020*-5.5
2021*-2.7
21.10.2022

General government debt 2001-2021*

Statistical experts

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Lotta Sjöblom
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