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Published: 25 March 2022

General government’s net financial assets increased in the last quarter of 2021

At the end of the last quarter of 2021, general government's net financial assets, i.e. the difference between assets and liabilities, amounted to EUR 181.2 billion. Net financial assets went up by EUR 6.7 billion from the previous quarter. The growth was particularly due to holding gains of employment pension schemes. These data derive from general government financial accounts compiled by Statistics Finland.

General government’s net financial assets

Central government’s net financial assets decreased by EUR 2.8 billion from the previous quarter and were EUR 64.8 billion negative at the end of the quarter. Assets decreased in total by EUR 5.5 billion. The amount of deposits fell by EUR 3.3 billion. Loan receivables grew by EUR 0.9 billion. Liabilities decreased by EUR 2.7 billion from the previous quarter.

The local government sector’s net financial assets decreased by EUR 0.2 billion, being EUR 7.0 billion negative at the end of the quarter. During the quarter, assets grew by EUR 2.8 billion and liabilities grew by EUR 3.0 billion. Deposits increased by EUR 0.5 billion. The liabilities stock of short-term and long-term loans was EUR 23.5 billion at the end of the quarter.

Employment pension schemes’ net financial assets were EUR 251.0 billion positive at the end of the quarter. Employment pension schemes’ net financial assets increased by EUR 9.3 billion in total compared to the previous quarter. Holding gains from shares and mutual fund shares amounted to EUR 9.8 billion and employment pension schemes decreased them by EUR 1.4 billion on net.

The net financial assets of other social security funds were EUR 2.0 billion positive at the end of the fourth quarter. Their net financial assets were EUR 0.4 billion higher than at the end of the previous quarter.

Source: General government financial accounts, Statistics Finland

Inquiries: Olli-Pekka Aaltonen 029 551 3090, Johannes Nykänen 029 551 3641, financial.accounts@stat.fi

Head of Department in charge: Katri Kaaja

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Appendix tables

• Appendix table 1. General government financial assets, liabilities and net assets, EUR billion (25.3.2022)

Figures

• Appendix figure 1. Shares and other equity held by employment pension schemes (25.3.2022)
• Appendix figure 2. Financial assets of central government (25.3.2022)

Revisions in these statistics

• Revisions in these statistics (25.3.2022)

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Updated 25.3.2022