Published: 3 July 2006
General government financial assets grew by over EUR 4 billion during the first quarter of 2006, and at the same time general government amortisation amounted to nearly EUR 6 billion. The growth in financial assets was particularly influenced by a strong increase in the value of investments in shares. Net financial assets describing the difference between financial assets and liabilities thus grew altogether by slightly over EUR 10 billion, of which social security funds represented EUR 4.3 billion, local government EUR 0.6 billion and central government EUR 5.0 billion. Central government net financial assets turned now positive, whereas at the end of 1998 they were still over EUR 40 billion in the negative.
Employment pension schemes increased their investments in funds and decreased their investments in shares and the number of bonds owned by them. Most of their financial investments were directed abroad. Compared with the previous quarter general government debt fell, which was mostly due to amortisation of short-term central government debt by around EUR 4.5 billion.
Central government net financial assets 1998-2006
Source: General government financial accounts. Statistics Finland
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Last updated 3.7.2006