Published: 18 December 2009
General government net financial assets on the increase in the third quarter of 2009
General government net financial assets (the difference between financial assets and liabilities) grew by EUR 7.3 billion to EUR 107 billion in the third quarter of 2009. Most of the growth in the net financial assets was due to risen share prices.
The net financial assets of social security funds totalled EUR 106.2 billion at the end of the quarter. They grew by EUR 7.1 billion from the previous quarter. At the end of the quarter the market value of the shares and funds held by social security funds was EUR 50 billion. During the quarter social security funds increased their investments in shares by EUR 2.8 billion and at the same time their holding gains from share investments amounted to EUR 4.6 billion. The financial assets of especially employment pension schemes have clearly turned towards growth during the second and third quarters of the year.
Municipalities and joint municipal boards continued to run further into debt and their financial assets diminished by EUR 0.1 billion during the third quarter. Compared to the situation twelve months back their net financial assets have contracted by EUR 2.6 billion.
Despite the growth in financial assets, central government debts still exceeded assets by EUR 1.3 billion at the end of the third quarter. Total debt of central government at market prices increased in July-September by EUR 6.4 billion to EUR 67.5 billion.
General government net financial assets
Source: General government financial accounts, Statistics Finland
Inquiries: Mira Kuussaari (09) 1734 3538, Marika Männistö (09) 1734 2324, rahoitus.tilinpito@stat.fi
Director in charge: Ari Tyrkkö
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Updated 18.12.2009
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