Published: 5 July 2012
General government net financial assets increased by EUR 7.7 billion during the first quarter of 2012. At the end of the quarter, the total difference between financial assets and liabilities was EUR 110.1 billion.
General government net financial assets
Central government's net financial assets remained almost unchanged at EUR 34.3 billion in the first quarter of the year. There was also no appreciable change from the turn of the year in the amount of gross debt at market prices. At the end of the quarter, the net financial assets of employment pension schemes and other social security funds amounted to EUR 143.2 billion, which is EUR 8 billion more than at the beginning of the year. The growth in net financial assets is explained in particular by holding gains from quoted shares. During the first quarter of 2012, employment pension schemes reduced their ownership of short-term debt instruments by good EUR 1.5 billion. Respectively, ownership of quoted shares was increased by a total of EUR 1.4 billion. Local government's net financial assets contracted from EUR 1.4 billion to EUR 1.2 billion during the first quarter of 2012.
Source: General government financial accounts, Statistics Finland
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