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Published: 1 March 2006

General government debt decreased in 2005

According to Statistics Finland's preliminary datageneral government EMU debt decreased by EUR 3.4 billion from the year before. The GDP share of the EMU debt contracted to 41.1 per cent, which besides decrease in debt, was due to growth of GDP. Local government continued to incur debts, while central government debt turned clearly downwards. The EMU debt describes general government debt to other sectors of the economy and to the rest of the world, and it is influenced by changes in both gross debt and internal debts of the general government. In 2005 the total general government debt decreased by EUR 3.3 billion and internal debts remained on level with the previous year.

General government EMU surplus was 2.6 per cent of GDP in 2005. Central government accumulated a surplus of EUR 1.3 billion. In contrast, the local government sector was still EUR 1.2 billion in deficit. Employment pension schemes collected a surplus of EUR 4 billion, while other social security funds remained EUR 0.1 billion in deficit.

Revised national accounts time series for the years 1975-2004 will be published on 31 March 2006. Then the time series of general government EMU deficit and debt will also be updated, which for the time being are given as they were reported in August 2005. Data for the year 2005 congruent with the revised time series will be released on 13 July 2006.

EMU deficit (-) and debt of Finnish general government, % of GDP *

*) EMU deficit and debt 1995-2004 as reported in August 2005.

Source: General government deficit and gross debt according to EMU criteria 2005. Statistics Finland

Inquiries: Ms Paula Koistinen-Jokiniemi +358 9 1734 3362, rahoitus.tilinpito@stat.fi
EMU debt: Mr Matti Okko +358 9 1734 3341
EMU deficit: Ms Elli Paakkolanvaara +358 91734 2262

Director in charge: Mr Ari Tyrkkö

Links: Press release related to this statistical release.

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Appendix tables

• EMU deficit (-) of Finnish government, per cent of GDP 1995-2005* (1.3.2006)
• Finnish general government gross debt and EMU debt 1995-2005* (1.3.2006)

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Last updated 1.3.2006