Home > Statistics > General government revenue and expenditure by quarter > 2016 > 2nd quarter > General government surplus decreased by EUR 0.1 billion in April to June

Published: 23 September 2016

General government surplus decreased by EUR 0.1 billion in April to June

In the second quarter of 2016, consolidated total general government revenue grew by EUR 0.1 billion from the respective quarter of the previous year. Correspondingly, consolidated expenditure increased by EUR 0.2 billion. The difference between revenue and expenditure, that is, the surplus (net lending) of general government diminished by EUR 0.1 billion. Total revenue decreased by 0.5 per cent from the previous quarter. Total expenditure declined a little from the previous quarter. In the second quarter of 2016, the general government surplus (net lending) stood at EUR 1.4 billion. These data derive from Statistics Finland’s statistics on general government revenue and expenditure by quarter. General government is comprised of central government, local government and social security funds.

General government’s net lending (+) / net borrowing (-), trend

Changes from the respective quarter of the year before

Examinations of year-on-year changes are made with figures unadjusted for seasonal variation. In the second quarter, central government's total revenue amounted to EUR 14.7 billion and total expenditure was EUR 14.5 billion. Central government's total revenue went up by 0.1 per cent from the respective quarter of the year before. Correspondingly, total expenditure grew by 0.4 per cent. The difference between revenue and expenditure, that is, the surplus was EUR 0.2 billion.

Local government's total revenue was EUR 12.7 billion in the second quarter. It decreased by 0.8 per cent from the respective quarter of the year before. The revenue items that grew most were current transfers received and sales of non-market products. In turn, market output, property income and income taxes received declined among revenue items. Local government's total expenditure was EUR 12.3 billion in the second quarter. It decreased by 0.5 per cent. The expenditure items that grew most were social transfers in kind purchased from the market and gross fixed capital formation. Intermediate consumption and net acquisitions of natural resources diminished among expenditure items. The difference between revenue and expenditure, that is, the local government surplus (net lending) went down from the previous year by 8.4 per cent, being EUR 0.4 billion.

Social security funds include employment pension schemes and other social security funds. In the second quarter, total revenue of employment pension schemes amounted to EUR 7.3 billion and total expenditure to EUR 6.4 billion. Total revenue increased by EUR 0.06 billion or by 0.8 per cent from the corresponding quarter in the year before and total expenditure increased by EUR 0.2 billion or by 3.6 per cent. The revenue item that increased most was investment income of investment funds belonging to shareholders and the expenditure item that grew most was paid social benefits other than social transfers in kind. The difference between revenue and expenditure, that is, the surplus (net lending) of employment pension schemes went down by EUR 0.2 billion from one year back and amounted to EUR 0.8 billion.

Other social security funds' total revenue was EUR 4.7 billion in the second quarter. Total revenue increased by 4.6 per cent from the corresponding quarter of one year ago. The expenditure of other social security funds amounted to EUR 4.8 billion, which was 1.6 per cent higher than one year ago. The difference between revenue and expenditure, that is, the deficit (net borrowing) of social security funds was EUR 89 million in the second quarter.

Changes from the previous quarter

Examinations of changes from the previous quarter are made with seasonally adjusted figures. Central government's total revenue diminished by 0.5 per cent from the previous quarter. Respectively, central government's total expenditure increased by 1.1 per cent from the previous quarter.

Local government's total revenue went up by 0.4 per cent from the previous quarter. Local government's total expenditure, in turn, decreased by 1.4 per cent from the previous quarter.

Employment pension schemes' total revenue grew by 0.3 per cent from the previous quarter. Correspondingly, total expenditure grew by 2.9 per cent. Other social security funds' total revenue increased by 1.3 per cent and total expenditure grew by 0.7 per cent from the previous quarter.

The data for the two latest years are preliminary and will become revised as annual national accounts data are revised. Seasonally adjusted and trend time series have been calculated with the Tramo/Seats method. Seasonally adjusted and trend time series always become revised against new observations irrespective of whether the original time series becomes revised or not. Further information on the seasonal adjustment method: http://www.tilastokeskus.fi/til/tramo_seats_en.html As the time series of annual national accounts become revised, the time series of this set of statistics will also be revised. These data are based on the data sources available by 19 September 2016. The data will be next revised on 20 December 2016.

Source: General government revenue and expenditure,2nd quarter 2016. Statistics Finland

Inquiries: Jouni Pulkka 029 551 3532, Teuvo Laukkarinen 029 551 3315, rahoitus.tilinpito@stat.fi

Director in charge: Ville Vertanen

Publication in pdf-format (392.9 kB)

Tables

Tables in databases

Pick the data you need into tables, view the data as graphs, or download the data for your use.

• Database tables and their variables
• Archived tables

Appendix tables

• Appendix table 1. Change in general government revenue and expenditure 2016/2 (23.9.2016)

Figures

• Appendix figure 1. Social benefits other than social transfers in kind (23.9.2016)
• Appendix figure 2. Actual social contributions (23.9.2016)
• Appendix figure 3.Current Taxes on Income, Wealth, etc., trend (23.9.2016)
• Appendix figure 4. Taxes on Production and Imports (23.9.2016)
• Appendix figure 5. Total revenue, trend (23.9.2016)
• Appendix figure 6. Total expenditure, trend (23.9.2016)
• Appendix figure 7. Final Consumption expenditure, trend (23.9.2016)
• Appendix figure 8. Gross savings, trend (23.9.2016)

Revisions in these statistics

• Revisions in these statistics (23.9.2016)

---

Updated 23.09.2016