General government debt continued to grow in the last quarter of 2010

In the last quarter of 2010, consolidated general government EMU debt grew by EUR 3.6 billion to EUR 87.2 billion. Of the consolidated general government EMU debt EUR 76.7 billion was central government debt and EUR 10.5 billion local government debt. Over the year, the debt grew by EUR 12.2 billion.

General government EMU debt

The growing debt in the last quarter of 2010 was due to that central government debt increased by EUR 3.3 billion, of which bond debts made up EUR 2.6 billion and short-term debt securities EUR 1.2 billion. The growth of central government debt was held back by a decrease in central government short-term loans by EUR 0.5 billion.

The unconsolidated gross debt of local government, that is, municipalities and joint municipal boards, grew by EUR 0.2 billion in the last quarter of the year. Over the year, local government’s long-term loans went up by EUR 0.5 billion and stood at EUR 10.1 billion at the end of the year.

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 table 1. General government EMU debt, EUR billion (31.3.2011)

Updated 31.3.2011

Referencing instructions:

Official Statistics of Finland (OSF): General government debt by quarter [e-publication].
ISSN=1799-8034. 4th quarter 2010. Helsinki: Statistics Finland [referred: 21.11.2024].
Access method: http://www.stat.fi/til/jyev/2010/04/jyev_2010_04_2011-03-31_tie_001_en.html