Published: 1 March 2007
Finnish general government's EMU surplus grew clearly
According to Statistics Finland's preliminary data, Finnish general government's EMU surplus grew to 3.9 per cent of GDP in 2006. Twelve months earlier the surplus was 2.7 per cent of GDP. The central government increased its surplus by EUR 0.9 billion to EUR 1.8 billion. The local government's deficit halved to EUR 0.5 billion. Employment pension funds accumulated a surplus of EUR 4.9 billion. The surplus of other social security funds amounted to EUR 0.3 billion.
The euro denominated EMU debt of general government grew by EUR 0.6 billion from the year before. The growth came mainly from increased debt of local government. However, the share of the EMU debt of gross domestic product fell to 39.1 per cent from the previous year's 41.4 per cent, due to growth in the GDP.
The EMU debt describes general government's debt to other sectors of the economy and to the rest of the world, and it is influenced by changes in the gross debt and internal debts of the general government. In 2006, general government's total gross debt contracted by EUR 0.2 billion and its internal debts by around EUR 0.8 billion.
Statistics Finland will release the contents of the EDP notification compiled in March for the European Commission on the web pages of these statistics on 29 March.
Finland's general government EMU deficit (-) and debt, percentage of GDP
Source: General government deficit and gross debt according to EMU criteria, 2006. Statistics Finland
Inquiries:
EMU debt: Mr Matti Okko +358 9 1734 3341,
EMU deficit: Mr Mika Sainio +358 9 1734 2686
rahoitus.tilinpito@stat.fi
Director in charge: Mr Ari Tyrkkö
Links: Press release related to this statistical release
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Appendix tables
Last updated 1.3.2007
Official Statistics of Finland (OSF):
General government deficit and debt [e-publication].
ISSN=1799-5914. 2006. Helsinki: Statistics Finland [referred: 18.12.2024].
Access method: http://www.stat.fi/til/jali/2006/jali_2006_2007-03-01_tie_001_en.html