Published: 1 October 2010
General government EMU debt grew by EUR 4.9 billion in the second quarter of 2010
During the second quarter of 2010, consolidated general government EMU debt grew by EUR 4.9 billion to EUR 82.6 billion. Of the general government debt EUR 74.9 billion was central government debt and EUR 11.6 billion local government debt.
General government EMU debt
The growth in the debt was due to increased central government debt, of which bond debts made up EUR 3.8 billion and short-term loans EUR 0.9 billion. The debt of local government, that is, municipalities and joint municipal boards, remained on level with the previous quarter. Local government debt consists mainly of long-term loans, which stood at EUR 9.8 billion at the end of the second quarter.
The EMU debt describes general government’s debt to other sectors of the national economy and to the rest of the world, and its development is influenced by changes in unconsolidated debt and internal general government debts. Debts between units recorded under general government are deducted from unconsolidated gross debt to obtain consolidated EMU debt. For this reason general government debt is smaller than the combined debts of its sub-sectors.
Source: General government EMU debt, Statistics Finland
Inquiries: Anu Heikkilä (09) 1734 2309, Timo Ristimäki (09) 1734 2324, rahoitus.tilinpito@stat.fi
Director in charge: Ari Tyrkkö
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Appendix tables
Updated 1.10.2010
Official Statistics of Finland (OSF):
General government debt by quarter [e-publication].
ISSN=1799-8034. 2nd quarter 2010. Helsinki: Statistics Finland [referred: 31.12.2024].
Access method: http://www.stat.fi/til/jyev/2010/02/jyev_2010_02_2010-10-01_tie_001_en.html