Home > Statistics > General government financial accounts > 2017 > 3rd quarter > General government’s net financial assets increased further in the third quarter of 2017

Published: 22 December 2017

General government’s net financial assets increased further in the third quarter of 2017

At the end of the third quarter of 2017, general government's net financial assets, i.e. the difference between assets and liabilities, amounted to EUR 130.7 billion. Net financial assets rose by EUR 4.8 billion from the previous quarter. The net financial assets of employment pension schemes and other social security funds grew by a total of EUR 2.0 billion. Local government's net financial assets remained almost unchanged but central government's net financial assets grew by EUR 2.8 billion. These data derive from general government financial accounts compiled by Statistics Finland.

General government’s net financial assets

Central government's net financial assets grew by EUR 2.8 billion from the previous quarter's level, being EUR -63.6 billion at the end of the third quarter. Central government's assets increased by EUR 1.7 billion, which was mainly caused by a value increase in quoted shares. Debt decreased by EUR 1.2 billion, mainly as the stock of long bonds declined. These together resulted in central government's net financial assets increasing.

The net financial assets of the local government sector remained unchanged at EUR -1.1 billion. Changes in assets have been moderate this year. At the end of the third quarter, the stock of long-term loans was EUR 16.6 billion. The fall from the previous quarter amounted to EUR 0.3 billion.

Employment pension schemes' net financial assets grew by EUR 2.4 billion in the third quarter of 2017. The stock of mutual fund shares increased by EUR 2.5 billion of which holding gains amounted to EUR 0.6 billion. The stock of share investments increased by EUR 0.6 billion mainly thanks to holding gains. The amount of assets invested in debt securities remained nearly unchanged. The net financial assets of other social security funds went down by EUR 0.4 billion to EUR 1.1 billion. The fall was caused by a contraction in the stock of both long-term and short-term debt securities held by other social security funds.

Source: General government financial accounts, Statistics Finland

Inquiries: Aaro Hottinen 029 551 3231, Henna Laasonen 029 551 3303, rahoitus.tilinpito@stat.fi

Director in charge: Ville Vertanen

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Appendix tables

• Appendix table 1. General government financial assets, liabilities and net assets, EUR billion (22.12.2017)

Figures

• Appendix figure 1. Shares and other equity held by employment pension schemes (22.12.2017)
• Appendix figure 2. Financial assets of central government (22.12.2017)

Revisions in these statistics

• Revisions in these statistics (22.12.2017)

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Updated 22.12.2017