Home > Statistics > General government financial accounts > 2011 > 2nd quarter > General government net financial assets turned to decline in the second quarter of 2011

Published: 30 September 2011

General government net financial assets turned to decline in the second quarter of 2011

General government net financial assets, that is, the difference between financial assets and liabilities, fell by EUR 0.9 billion to EUR 116.3 billion in the second quarter of 2011. The decrease in net financial assets was primarily due to falling share prices.

General government net financial assets

At the end of the second quarter, general government net financial assets stood at EUR -25 billion and decreased in all by EUR 2.4 billion during the quarter. This was mainly caused by the fall in the market values of central government enterprise holdings. Local government's net financial assets totalled EUR 2.1 billion, having grown by EUR one billion from the previous quarter. Social security funds’ net financial assets stood at EUR 139.2 billion at the end of the second quarter, which is EUR 0.6 billion more than at the end of the first quarter. During the second quarter, social security funds increased their investments in short-term promissory notes by EUR one billion and in bonds by EUR 1.5 billion. Only EUR 0.1 billion were invested in quoted shares.

Source: General government financial accounts, Statistics Finland

Inquiries: Timo Ristimäki (09) 1734 2324, Anu Heikkilä (09) 1734 2309, rahoitus.tilinpito@stat.fi

Director in charge: Ari Tyrkkö

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• Appendix table 1. General government financial assets, liabilities and net assets, EUR billion (30.9.2011)

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Updated 30.9.2011