New data from these statistics will be published on the home page of the General government debt by quarter.

Published: 23 February 2009

Stock of central government guarantees EUR 15.3 billion at the end of 2008

The stock of central government guarantees stood at EUR 15.3 billion at the end of 2008. During the year new central government guarantees were granted to the amount of EUR 5.4 billion, which is 141 per cent more than in 2007. EUR 1.8 billion of the new guarantees in 2008 were granted in the last quarter. Nearly EUR 1.7 billion of them were guarantees to enterprises. At the end of December the stock of guarantees was 8 per cent higher than at the end of September and 19 per cent higher than one year previously. Central government guarantees include all guarantees for which the state is ultimately liable.

At the end of the last quarter of 2008, a total of 47 per cent of the stock of central government guarantees consisted of guarantees to enterprises. Guarantees granted to housing associations made up 26 per cent and those to households 20 per cent of the guarantee stock. The remaining 7 per cent of the stock of central government guarantees was divided among insurance and financial corporations, public sector entities and foreign countries.

Larger than usual revisions have been made to the figures for the second and third quarters of 2008 in connection with this release. The quarters concerned are not fully comparable with earlier quarters. Up-to-date figures are given in the database table on central government guarantees, and the graph in this release has also been updated.

New central government guarantees by quarter, EUR million

New central government guarantees by quarter, EUR million

Source: Central government guarantees, Statistics Finland

Inquiries: Sinikka Kuusisto (09) 1734 3354, Niina Suutarinen (09) 1734 3325

Director in charge: Ari Tyrkkö

Tables

Tables in databases

Quality descriptions

Updated 23.2.2009

Referencing instructions:

Official Statistics of Finland (OSF): Central government guarantees [e-publication].
ISSN=2341-5819. 4th quarter 2008. Helsinki: Statistics Finland [referred: 24.1.2020].
Access method: http://www.stat.fi/til/vtak/2008/04/vtak_2008_04_2009-02-23_tie_001_en.html