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

Latest publication: General government revenue and expenditure by quarter 2017, 2nd quarter

Published: 22 June 2017

General government deficit decreased by EUR 0.7 billion in January to March

In the first quarter of 2017, consolidated total general government revenue grew by EUR 0.2 billion from the corresponding quarter of the previous year. Consolidated total expenditure decreased by EUR 0.5 billion from the previous year’s corresponding quarter. The difference between revenue and expenditure, that is, the deficit (net borrowing) of general government decreased by EUR 0.7 billion. Total revenue increased by 0.5 per cent from the previous quarter. Total expenditure grew by 0.1 per cent from the previous quarter. In the first quarter of 2017, the general government deficit (net borrowing) stood at EUR 0.1 billion. These data derive from Statistics Finland’s statistics on general government revenue and expenditure by quarter. General government is comprised of central government, local government and social security funds.

General government’s net lending (+) / net borrowing (-), trend

 General government’s net lending (+) / net borrowing (-), trend

Changes from the respective quarter of the year before

Examinations of year-on-year changes are made with figures unadjusted for seasonal variation. In the first quarter, central government's total revenue amounted to EUR 13.0 billion and total expenditure was EUR 14.4 billion. Central government's total revenue went up by 2.1 per cent from the respective quarter of the year before. Correspondingly, total expenditure decreased by 4.1 per cent. The difference between revenue and expenditure, that is, the deficit was EUR 1.3 billion.

Local government's total revenue was EUR 12.0 billion in the first quarter. It decreased by 0.8 per cent from the respective quarter of the year before. The revenue items that increased most were other income taxes received. In turn, the revenue items that declined were current transfers received and market output. Local government's total expenditure was EUR 11.5 billion in the first quarter. It decreased by 0.3 per cent. The expenditure items that grew most were gross fixed capital formation and intermediate consumption. The expenditure items that decreased most were paid social benefits other than social transfers in kind and compensation of employees. The difference between revenue and expenditure, that is, the local government surplus (net lending) went down by 9.3 per cent and amounted to EUR 0.6 billion.

Social security funds include employment pension schemes and other social security funds. In the first quarter, employment pension schemes' total revenue amounted to EUR 7.0 billion and total expenditure was EUR 6.5 billion. Total revenue increased by EUR 0.1 billion or by 2.1 per cent from the corresponding quarter in the year before and total expenditure grew by EUR 0.3 billion or by 5.0 per cent. The difference between revenue and expenditure, that is, the surplus (net lending) of employment pension schemes went down by EUR 0.2 billion from one year back and amounted to EUR 0.5 billion.

Other social security funds' total revenue was EUR 5.1 billion in the first quarter. Total revenue increased by 2.7 per cent from the corresponding quarter of one year ago. The expenditure of other social security funds amounted to EUR 4.9 billion and it increased by 1.5 per cent from the quarter last year. The difference between revenue and expenditure, that is, the surplus (net lending) of other social security funds was EUR 0.2 billion in the first quarter.

Changes from the previous quarter

Examinations of changes from the previous quarter are made with seasonally adjusted figures. Central government's total revenue went up by 1.1 per cent from the previous quarter. Central government's total expenditure decreased by 2.3 per cent from the previous quarter.

Local government's total revenue went down by 0.4 per cent from the previous quarter. Local government's total expenditure grew by 0.5 per cent from the previous quarter.

Employment pension schemes' total revenue went up by 0.7 per cent and total expenditure grew by 1.9 per cent from the previous quarter. Other social security funds' total revenue decreased by 0.8 per cent from the previous quarter. Correspondingly, total expenditure grew by 3.3 per cent.

The data for the two latest years are preliminary and will become revised as annual national accounts data are revised. Seasonally adjusted and trend time series have been calculated with the Tramo/Seats method. Seasonally adjusted and trend time series always become revised against new observations irrespective of whether the original time series becomes revised or not. Further information on the seasonal adjustment method: http://www.tilastokeskus.fi/til/tramo_seats_en.html As the time series of annual national accounts become revised, the time series of this set of statistics will also be revised. These data are based on the data sources available by 15 June 2017. The data will be next revised on 22 September 2017.


Source: General government revenue and expenditure,1th quarter 2017. Statistics Finland

Inquiries: Jouni Pulkka 029 551 3532, Teuvo Laukkarinen 029 551 3315, rahoitus.tilinpito@stat.fi

Director in charge: Ville Vertanen

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Tables

Tables in databases

Appendix tables

Figures
Revisions in these statistics

Updated 22.06.2017

Referencing instructions:

Official Statistics of Finland (OSF): General government revenue and expenditure by quarter [e-publication].
ISSN=1797-9382. 1st quarter 2017. Helsinki: Statistics Finland [referred: 25.11.2017].
Access method: http://www.stat.fi/til/jtume/2017/01/jtume_2017_01_2017-06-22_tie_001_en.html

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