A more recent publication of this set of statistics is available.

Latest publication: General government financial accounts 2020, 4th quarter

Published: 18 December 2020

General government’s net financial assets increased in the third quarter of 2020

At the end of the third quarter of 2020, general government's net financial assets, i.e. the difference between assets and liabilities, amounted to EUR 136.8 billion. Net financial assets went up by EUR 4.9 billion from the previous quarter. The growth was mainly due to employment pension schemes' positive investment income. These data derive from general government financial accounts compiled by Statistics Finland.

General government’s net financial assets

General government’s net financial assets

Central government's net financial assets grew by EUR 0.3 billion from the previous quarter and stood at EUR -62.9 billion at the end of the quarter. Assets decreased in total by EUR 4.4 billion. The stock of transferable deposits decreased in total by EUR 8.1 billion. Holding gains from shares and mutual funds totalled EUR 4.6 billion. Liabilities decreased by EUR 4.7 billion mainly due to a decline in the stock of long-term debt securities.

Local government's net financial assets decreased by EUR 0.3 billion, being EUR -7.7 billion at the end of the quarter. Assets decreased by EUR 1.0 billion and at the same time liabilities went down by EUR 0.6 billion. The liabilities stock of short-term and long-term loans was EUR 22.5 billion at the end of the quarter.

Employment pension schemes' net financial assets stood at EUR 205.2 billion at the end of the quarter. Employment pension schemes’ net financial assets increased by EUR 5.1 billion compared to the previous quarter. Holding gains from shares and mutual fund shares amounted to EUR 3.5 billion. The stock of transferable deposits grew by EUR 2.5 billion from the previous quarter.

The net financial assets of other social security funds went down by EUR 0.1 billion. The total stock of liabilities decreased by EUR 0.2 billion, mainly due to the decline in the stock of short-term debt securities. The EUR 0.4 billion decrease in transferable deposits explains most of the EUR 0.3 billion decrease in assets.


Source: General government financial accounts, Statistics Finland

Inquiries: Olli-Pekka Aaltonen 029 551 3090, Aaro Hottinen 029 551 3231, financial.accounts@stat.fi

Head of Department in charge: Mari Ylä-Jarkko

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Updated 25.09.2020

Referencing instructions:

Official Statistics of Finland (OSF): General government financial accounts [e-publication].
ISSN=1798-1964. 3rd quarter 2020. Helsinki: Statistics Finland [referred: 7.5.2021].
Access method: http://www.stat.fi/til/jyrt/2020/03/jyrt_2020_03_2020-12-18_tie_001_en.html