Published: 30 September 2011
General government debt grew slightly in the second quarter of 2011
In the second quarter of 2011, general government debt grew by EUR 0.1 billion and stood at EUR 84.8 billion at the end of June. Of the general government debt, EUR 77.1 billion was central government debt and EUR 11.5 billion local government debt. General government debt is consolidated debt, which means that it excludes debt items between sub-sectors. For this reason, general government debt is smaller than the combined debts of its sub-sectors.
General government debt by quarter
Most of the central government debt consisted of bonds, which were issued to the net amount of EUR 1.2 billion. At the end of June, the nominal value of bonds issued was EUR 65.9 billion. On the other hand, central government debt was also especially influenced by the amortization of central government's short-term debt securities to the net amount of EUR 1.6 billion. At the total level, the central government's share of general government debt remained unchanged in the second quarter.
Local government debt, that is, the debt of municipalities and joint municipal boards, grew by EUR 0.3 billion and was EUR 11.5 billion at the end of June. Local government debt mainly consists of long-term loans, the value of which stood at EUR 9.9 billion at the end of the second quarter.
Source: General government debt by quarter, Statistics Finland
Inquiries: Anu Heikkilä (09) 1734 2309, Timo Ristimäki (09) 1734 2324, rahoitus.tilinpito@stat.fi
Director in charge: Ari Tyrkkö
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Appendix tables
Updated 30.9.2011
Official Statistics of Finland (OSF):
General government debt by quarter [e-publication].
ISSN=1799-8034. 2nd quarter 2011. Helsinki: Statistics Finland [referred: 20.4.2024].
Access method: http://www.stat.fi/til/jyev/2011/02/jyev_2011_02_2011-09-30_tie_001_en.html