Home > Statistics > General government deficit and debt > 2007 > Revised EMU deficit and debt figures for 2007 released

Published: 30 September 2008

Revised EMU deficit and debt figures for 2007 released

According to a revision of Statistics Finland’s preliminary data, the general government’s EMU surplus amounted to EUR 9.6 billion, or 5.3 per cent of GDP in 2007, while the respective figures in 2006 were EUR 6.9 billion and 4.1 per cent of GDP. The central government sector’s surplus increased by EUR 2.2 billion from the year before and totalled EUR 3.8 billion. The local government sector continued to show a slight deficit, which in 2007 amounted to EUR 0.1 billion. Employment pension funds accumulated a surplus of EUR 5.4 billion. The surplus of other social security funds amounted to EUR 0.5 billion.

The amount of general government EMU debt contracted by EUR 2.4 billion to EUR 63.1 billion during 2007. Central government debt contracted by EUR 2.9 billion whereas local government debt grew by EUR 0.5 billion. At the same time, the GDP share of the EMU debt fell to 35.1 per cent from the previous year’s 39.2 per cent.

Compared to the preliminary data for 2007 released in March, general government surplus became revised upwards by EUR 0.1 billion. General government debt remained almost unchanged.

The figures derive from the data reported by Statistics Finland to the European Commission in September.

Finland's general government EMU deficit (-) and debt, percentage of GDP

Source: General government deficit and gross debt according to EMU criteria, 2007. Statistics Finland

Inquiries: Mika Sainio (09) 1734 2686, Matti Okko (09) 1734 3341, rahoitus.tilinpito@stat.fi

Director in charge: Ari Tyrkkö

Publication in pdf-format (248.4 kB)

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Appendix tables

• Comparison of central government net lending and on-budget entities net financing requirement, EUR billion 1) (30.9.2008)
• Comparison of local government net lending and the annual margin in the profit and loss statement of local government, EUR billion 1) (30.9.2008)
• Comparison of the net lending of the sub-sector Social security funds and the deficit/surplus of funds, EUR billion 1) (30.9.2008)
• EDP reporting tables, October 2008 notification (updated 30.9.2008) (Excel) (30.9.2008)
• EMU deficit of Finnish government 1975-2007 1) (30.9.2008)
• Finnish general government gross debt and EMU debt 1995-2007 1) (30.9.2008)
• General government EMU debt 1975-2007 1) (30.9.2008)
• Items influencing the changes in EMU debt, EUR billion 1) (30.9.2008)

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Updated 30.09.2008