Published: 30 September 2010
Correction . Release corrected on 1 October 2010. The correction is indicated in red, was previously rose.
According to Statistics Finland’s revised preliminary data, the general government’s deficit amounted to EUR 4.3 billion, or 2.5 per cent of GDP in 2009, while one year before the general government showed a surplus of 4.2 per cent relative to GDP. In 2009 the general government's financial position weakened by a total of EUR 12.0 billion. The central government sector’s surplus (EUR 1.1 billion) in 2008 turned into a deficit of EUR 7.9 billion. The local government sector continued to show a deficit, which in 2009 amounted to EUR 0.8 billion. The surplus of social security funds decreased from EUR 7.4 billion to EUR 4.4 billion.
Finland's general government EMU deficit (-) and debt, percentage of GDP
The amount of general government EMU debt increased by EUR 12.1 billion to EUR 75.1 billion during 2009. Central government debt grew by EUR 10.8 billion and local government debt by EUR 1.3 billion. At the same time, the GDP share of the EMU debt rose to 43.8 per cent from the previous year’s 34.1 per cent.
Compared with the preliminary data for 2009 released in March 2010, total general government deficit increased by around EUR 0.6 billion, or 0.3 per cent relative to GDP. This was mostly due to an upward revision of paid social security benefits from the estimate given in the early part of the year. General government debt in turn decreased by EUR 0.1 billion in relation to the preliminary data.
The figures derive from the data reported by Statistics Finland to the European Commission in September.
Source: General government deficit and gross debt according to EMU criteria, 2009, Statistics Finland
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