General government EMU debt grew by EUR 1.4 billion

General government EMU debt at nominal prices grew by EUR 1.4 billion in the second quarter of 2008. The growth in debt is due to central government indebtedness. At the end of the second quarter general government debt totalled EUR 62.3 billion, which was, however, EUR 1.5 billion less than one year earlier.

Bond debts made up the majority of central government debt. During the second quarter, their volume rose by EUR 3.1 billion to a total of EUR 51.0 billion. In the second quarter, central government debt grew by EUR 1.5 billion and was EUR 57.1 billion at the end of the quarter. Local government debt, that is, the debt of municipalities and joint municipal boards, rose by EUR 0.1 billion to EUR 9.8 billion by the end of the quarter. Local government debt is mainly comprised of long-term loans.

General government debt is consolidated debt, which means that it excludes debt items between sub-sectors. For this reason general government debt is smaller than the combined debts of its sub-sectors.

General government EMU debt by quarter

Source: General government EMU debt. Statistics Finland

Inquiries: Mr Matti Okko +358 9 1734 3341, Ms Marika Männistö +358 9 1734 2324, rahoitus.tilinpito@stat.fi

Director in charge: Ari Tyrkkö

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Last updated 3.10.2008

Referencing instructions:

Official Statistics of Finland (OSF): General government debt by quarter [e-publication].
ISSN=1799-8034. 2nd quarter 2008. Helsinki: Statistics Finland [referred: 21.11.2024].
Access method: http://www.stat.fi/til/jyev/2008/02/jyev_2008_02_2008-10-03_tie_001_en.html