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

Latest publication: General government debt by quarter 2020, 4th quarter

Published: 15 March 2019

General government debt grew by EUR 1.8 billion in the last quarter of 2018

General government EDP debt, or consolidated gross debt at nominal prices amounted to EUR 137.5 billion at the end of the fourth quarter of 2018 and grew by EUR 1.8 billion during the quarter. Correspondingly, general government debt has grown by EUR 0.3 billion compared with the respective period of the year before. These data derive from Statistics Finland's statistics on general government debt by quarter.

General government debt by quarter

General government debt by quarter

During fourth quarter, central government debt grew by EUR 0.8 billion and was EUR 115.8 billion at the end of the quarter. The number of short-term debt instruments with a maturity of under one year increased on net by EUR 0.2 billion over the fourth quarter. The stock of bonds grew by EUR 0.5 billion over the same period. The stock of long-term loans decreased by EUR 0.1 billion from the level of the previous quarter and the stock of short-term loans grew by EUR 0.3 billion. In addition, the amount of cash deposits fell by EUR 0.1 billion.

The local government sector's debt grew by EUR 0.8 billion and totalled EUR 20.6 billion at the end of the quarter. The number of short-term debt instruments declined by EUR 0.4 billion and the stock of long-term loans grew by EUR 1.3 billion. Social security funds' debt fell by EUR 0.1 billion and totalled EUR 2.2 billion at the end of the quarter..

General government EDP debt describes general government’s debt to other sectors of the national economy and to the rest of the world, and its development is influenced by changes in unconsolidated debt and internal general government debts. Consolidated general government gross debt is derived by deducting debts between units recorded under general government from unconsolidated gross debt. For this reason, general government debt is smaller than the combined debts of its sub-sectors.

The EDP debt of general government differs conceptionally to some extent in the case of central government from the central government debt published by the State Treasury. Central government's EDP debt also includes loans granted to beneficiary counties by the European Financial Stability Facility EFSF, received cash collaterals related to derivative contracts, the capital of the Nuclear Waste Management Fund, debts generated from investments in central government's PPP (public-private partnership) projects, coins that are in circulation, and the deposits of the European Commission. In National Accounts, central government is also a broader concept than the budget and financial economy (http://www.stat.fi/meta/luokitukset/_linkki/julkisyhteisot.html). The valuation principle for both debt concepts is the nominal value, where the effect of currency swaps is taken into account.

Source: General government debt by quarter, Statistics Finland

Inquiries: Olli-Pekka Aaltonen 029 551 3090, Aaro Hottinen 029 551 3231, rahoitus.tilinpito@stat.fi

Director in charge: Ville Vertanen

Publication in pdf-format (217.1 kB)


Tables in databases

Appendix tables

Revisions in these statistics

Updated 15.3.2019

Referencing instructions:

Official Statistics of Finland (OSF): General government debt by quarter [e-publication].
ISSN=1799-8034. 4th quarter 2018. Helsinki: Statistics Finland [referred: 10.5.2021].
Access method: http://www.stat.fi/til/jyev/2018/04/jyev_2018_04_2019-03-15_tie_001_en.html