Published: 30 March 2012
General government EDP debt or consolidated debt at nominal prices grew by EUR 3.3 billion in the last quarter of 2011 and stood at EUR 93.0 billion at the end of December. Compared with the respective period of the year before, consolidated general government debt has grown by EUR 6.1 billion.
General government debt by quarter
During the last quarter, general government debt grew by EUR 2.8 billion to EUR 85.8 billion. From the corresponding period of the previous year, general government debt has increased by EUR 6.7 billion. During the last quarter, the number of bonds rose by EUR 1.5 billion to a total of EUR 71.0 billion.
The internally consolidated debt of local government, that is, municipalities and joint municipal boards, grew by EUR 0.6 billion in the last quarter of the year. Local government debt mainly consists of long-term loans, which stood at EUR 10.9 billion at the end of the year.
General government debt by quarter describes general government’s debt to other sectors of the national economy and to the rest of the world, and its development is influenced by changes in both unconsolidated debt and internal general government debts. Consolidated general government debt is derived by deducting debts between units recorded under general government from unconsolidated gross debt. For this reason general government debt is smaller than the combined debts of its sub-sectors.
Source: General government debt by quarter, Statistics Finland
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