General government's net financial assets remained almost unchanged in the third quarter of 2012

General government's net financial assets increased by EUR 0.5 billion during the third quarter of 2012. At the end of the quarter, the total difference between financial assets and liabilities was EUR 107.8 billion. These data derive from general government financial accounts compiled by Statistics Finland.

General government net financial assets

During the third quarter, central government's net financial assets contracted from EUR -37.4 billion to EUR -38.0 billion. The moderate decrease in financial assets is mainly explained by the contractions in cash and deposit assets caused by the repayments of bonds.

Net financial assets of employment pension schemes and other social security funds increased by EUR 1.7 billion during the period amounting to EUR 144.7 billion at the end of the third quarter. As in the previous quarter, employment pension schemes reduced their holdings of quoted shares and increased their holdings of mutual fund shares. The holdings in bonds increased by EUR 0.6 billion.

Local government's gross debt at market prices remained unchanged during the third quarter of 2012. As a result of the financial deficit, local government's net financial assets decreased from EUR 1.7 billion to EUR 1.2 billion.

Source: General government financial accounts, Statistics Finland

Inquiries: Martti Pykäri 09 1734 3382, Timo Ristimäki 09 1734 2324, rahoitus.tilinpito@stat.fi

Director in charge: Ari Tyrkkö

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Appendix table 1. General government financial assets, liabilities and net assets, EUR billion (20.12.2012)

Updated 20.12.2012

Referencing instructions:

Official Statistics of Finland (OSF): General government financial accounts [e-publication].
ISSN=1798-1964. 3rd quarter 2012. Helsinki: Statistics Finland [referred: 9.5.2013].
Access method: http://www.stat.fi/til/jyrt/2012/03/jyrt_2012_03_2012-12-20_tie_001_en.html.

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