This set of statistics has been discontinued.

Statistical data on this topic are published in connection with another set of statistics.

Data published after 5 April 2022 can be found on the renewed website.

This page is archived.

Published: 26 June 2020

General government’s net financial assets fell in the first quarter of 2020

At the end of the first quarter of 2020, general government's net financial assets, i.e. the difference between assets and liabilities, amounted to EUR 122.4 billion. Net financial assets went down by EUR 29.6 billion from the previous quarter mostly due to negative return on financial investment of employment pension schemes and central government and growing central government debt. These data derive from general government financial accounts compiled by Statistics Finland.

General government’s net financial assets

General government’s net financial assets

Central government's net financial assets fell by EUR 7.9 billion from the previous quarter's level, being EUR -63.4 billion at the end of the quarter. Assets grew in all by EUR 5.3 billion, especially as a result of a growth in the stock of transferable deposits. Holding losses from shares and mutual funds totalled EUR 6.6 billion. Liabilities grew by EUR 13.2 billion mainly due to a growth in the stock of debt securities.

The local government's net financial assets grew by EUR 0.2 billion, being EUR -6.8 billion at the end of the quarter. Assets grew by EUR 0.3 billion and at the same time liabilities increased by EUR 0.1 billion. The liabilities stock of short-term and long-term loans was EUR 21.0 billion at the end of the quarter.

Employment pension schemes' net financial assets stood at EUR 189.9 billion at the end of the quarter. Employment pension schemes’ net financial assets decreased by EUR 22.0 billion compared to the previous quarter. Holding losses from mutual fund shares amounted to EUR 3.1 billion and holding losses from shares and equity to EUR 1.3 billion. Holding losses from long-term debt securities amounted to EUR 1.5 billion and employment pension schemes resigned from them to the tune of EUR 3.6 billion.

The net financial assets of other social security funds remained almost unchanged. The total stock of liabilities went up by EUR 0.1 billion, while the stock of short-term debt securities grew to EUR 0.1 billion.

Source: General government financial accounts, Statistics Finland

Inquiries: Olli-Pekka Aaltonen 029 551 3090, Aaro Hottinen 029 551 3231,

Director in charge: Jan Nokkala

Publication in pdf-format (231.3 kB)


Tables in databases

Pick the data you need into tables, view the data as graphs, or download the data for your use.

Appendix tables

Revisions in these statistics

Updated 26.06.2020

Referencing instructions:

Official Statistics of Finland (OSF): General government financial accounts [e-publication].
ISSN=1798-1964. 1st quarter 2020. Helsinki: Statistics Finland [referred: 12.4.2024].
Access method: