General government net financial assets fell in the first quarter of 2022review | General government financial accounts 2022, 1st quarter
At the end of the first quarter of 2022, general government's net financial assets, i.e. the difference between assets and liabilities, amounted to EUR 170.5 billion. Net financial assets fell by EUR 11.5 billion from the previous quarter. The fall was especially due to holding losses of central government and employment pension schemes. These data derive from general government financial accounts compiled by Statistics Finland.
General government financial assets, liabilities and net assets, EUR billion
|Net||S13 General government||112,0||116,9||118,9||122,8||137,1||127,1||150,3||152,5||181,9||170,5|
|S1311 Central government||-43,8||-51,8||-56,3||-59,7||-58,7||-59,7||-56,1||-60,5||-64,5||-72,0|
|S1313 Local government||-2,8||-2,7||-3,7||-4,0||-2,9||-5,8||-7,9||-7,5||-6,5||-3,7|
|S1314 Social security funds||158,7||171,4||178,9||186,5||198,7||192,6||214,4||220,5||252,9||246,2|
|Assets||S13 General government||262,0||280,8||292,5||303,1||320,6||313,8||343,2||373,7||402,2||390,9|
|S1311 Central government||70,4||73,4||75,6||76,8||77,5||80,4||89,1||106,6||101,2||93,0|
|S1313 Local government||27,6||29,6||30,6||31,4||32,7||33,3||34,9||38,4||40,9||40,5|
|S1314 Social security funds||164,1||177,8||186,3||194,9||210,3||200,1||219,3||228,7||260,1||257,4|
|Liabilities||S13 General government||150,0||164,0||173,6||180,3||183,5||186,8||193,0||221,3||220,3||220,4|
|S1311 Central government||114,2||125,1||131,8||136,5||136,2||140,1||145,2||167,1||165,7||165,0|
|S1313 Local government||30,4||32,4||34,3||35,4||35,6||39,1||42,8||45,9||47,5||44,2|
|S1314 Social security funds||5,4||6,5||7,5||8,4||11,7||7,5||4,9||8,3||7,1||11,2|
The central government sector’s net financial assets decreased by EUR 7.6 billion from the previous quarter and were EUR 72.0 billion negative at the end of the quarter.
The local government sector’s net financial assets increased by EUR 2.8 billion, being EUR 3.7 billion negative at the end of the quarter.
Employment pension schemes' net financial assets were EUR 244.4 billion positive at the end of the quarter and their net financial assets declined by a total of EUR 6.5 billion from the previous quarter.
The methodological change made to the treatment of government ARA loans raised the level of long-term loans in central and local government considerably for the entire time series on both liability and asset sides. Read more about the change and its impact in the revision release.
Shares and other equity held by employment pension schemes
Financial assets of central government
Revisions to the sectors' net financial assets from the first publication, EUR million
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