Producer: Statistics Finland
Homepage: http://www.tilastokeskus.fi/til/jyev/index_en.html
Main topic: Government Finance
Related topics: National Accounts
Official Statistics of Finland (OSF): Yes
European Statistical System (ESS): Yes
The purpose of quarterly reporting on general government debt is to follow the indebtedness of public economies in EU Member States in accordance with the Growth and Stability Pact of the EU. The EU Regulation concerning quarterly reporting came into force in 2004. The statistics contain general government debt at the end of each quarter, divided by sub-sector into the debt balances of central government, local government and social security funds.
General government debt by quarter differs by definition from the general government debt according to financial accounts in that general government debt is at nominal prices and comprises only currency and transferable deposits, securities and loans. In addition, general government debt is consolidated debt, which means that it excludes debt items between sub-sectors. For this reason, general government debt (S13) is smaller than the combined debts of its sub-sectors. The data reported by the different Member States are comparable with each other.
General government debt by quarter contains in nominal values the consolidated debt of general government and its sub-sectors, that is, central government, local government and social security funds as concerns currency and transferable deposits, securities and loans.
European System of Accounts ESA 1995; Eurostat 1995 Classification of Sectors 2000; Handbooks 5, Statistics Finland Classification of Financial Assets and Liabilities 1996; Handbooks 6, Statistics Finland.
The report is compiled by utilising as sources debt reports of the State Treasury and data concerning general government in national accounts and financial accounts.
The data are reported to the European Commission quarterly with a delay of 90 days.
Data on the statistics are published quarterly on Statistics Finland's Internet pages.
A time series is available on general government debt by quarter from 2000 onwards.
central government debt, debts, general government, government debt, government finance, municipal finances, public sector, social security funds
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Last updated 23.11.2011
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