Official Statistics of Finland

General government revenue and expenditure by quarter

Producer: Statistics Finland

Latest release:
Financial position of general government weakened by EUR 2.9 billion
15 Mar 2021
In the fourth quarter EUR of 2020, general government's consolidated total revenue decreased by EUR 0.7 billion compared with the corresponding quarter of the previous year. Consolidated total expenditure increased by EUR 2.2 billion from the previous years corresponding quarter. The difference between revenue and expenditure, that is, the net borrowing of general government grew by EUR 2.9 billion from the respective quarter of the year before. Compared to the third quarter of 2020, seasonally adjusted income grew and seasonally adjusted expenditure decreased. Thus, the financial position of general government did not worsen further in the fourth quarter of 2020 from the previous quarter. In the fourth quarter of 2020, the general government deficit (net borrowing) stood at EUR 4.0 billion. These data derive from Statistics Finlands statistics on general government revenue and expenditure by quarter. General government is comprised of central government, local government and social security funds.

Description: The statistics describe quarterly data on the revenue and expenditure of general government. The statistics are derived statistics according to the national accounts, that is, statistics consistent with the national accounts derived from sector-specific basic statistics. The statistics were established to develop economic monitoring of general government for timely and reliable measuring of the public sector required by the EU's Stability and Growth Pact and the European Central Bank ECB.
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Keywords: central government finance, expenditure, general government, general government expenditure, government expenditure, government finance, income, municipal finances, public sector, social security contributions, social security funds, tax revenue, taxation.
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Change: Update of the European Manual on Government Deficit and Debt (MGDD[1]) brings changes to general government deficit and debt
10 Mar 2020
The Manual on Government Deficit and Debt was updated towards the end of 2019 and Statistics Finland has begun going through possible needs for revisions in national accounts it has brought.

Referencing instructions:

Official Statistics of Finland (OSF): General government revenue and expenditure by quarter [e-publication].
ISSN=1797-9382. Helsinki: Statistics Finland [referred: 18.5.2021].
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