General government debt fell strongly in the first quarter of 2007

General government debt fell during the first quarter of 2007 by close on EUR 5 billion, and stood at EUR 60.6 billion at the end of March. The fall in debt was mostly due to a decrease in central government debt as central government amortised its bonds and short-term debt securities by a total of about EUR 4 billion.

Local government debt also started to decrease in the first quarter of 2007. The decrease amounted to EUR 0.3 billion and was primarily caused by a decrease in loan stock. The debt of local government, i.e. municipalities and joint municipal boards, reached EUR 9 billion at the end of 2006, whereas in 2002 it was only a good EUR 5 billion.

Local government debt by quarter 2000-2007

Source: General government EMU debt. Statistics Finland

Inquiries: Mr Matti Okko +358 9 1734 3341, Ms Reetta Varjonen +358 9 1734 3533, rahoitus.tilinpito@stat.fi

Director in charge: Mr Ari Tyrkkö

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Last updated 4.7.2007

Referencing instructions:

Official Statistics of Finland (OSF): General government debt by quarter [e-publication].
ISSN=1799-8034. 1st quarter 2007. Helsinki: Statistics Finland [referred: 21.11.2024].
Access method: http://www.stat.fi/til/jyev/2007/01/jyev_2007_01_2007-07-04_tie_001_en.html