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Published: 28 September 2018

General government net financial assets increased in the second quarter of 2018

At the end of the second quarter of 2018, general government's net financial assets, i.e. the difference between assets and liabilities, amounted to EUR 137.7 billion. Net financial assets went up by EUR 4.8 billion from the previous quarter, driven by employment pension schemes and central government. The net financial assets of employment pension funds and other social security funds grew in total by EUR 2.0 billion and the net financial assets of central government increased by EUR 1.8 billion. These data derive from general government financial accounts compiled by Statistics Finland.

General government’s net financial assets

General government’s net financial assets

Central government's net financial assets grew by EUR 1.8 billion from the previous quarter's level being EUR -61.8 billion at the end of the quarter. Assets grew by EUR 2.9 billion primarily due to a value increase of quoted shares. Liabilities grew by EUR 1.1 billion particularly due to the rise in the stock of debt securities. Quoted shares were sold to the net value of EUR 0.9 million.

Local government's net financial assets increased by EUR 1.0 billion. Assets grew by EUR 1.3 billion primarily due to an increase in deposits. Local government's liabilities grew by EUR 0.4 billion mainly due to the rise in the stock of short-term debt securities. The stock of long-term loans was EUR 16.2 billion at the end of the quarter.

Employment pension schemes' net financial assets stood at EUR 197.6 billion at the end of the quarter. Employment pension schemes received EUR 3.0 billion of holding gains from fund investments. Investment fund shares were sold to the net value of EUR 1.9 billion during the quarter. The stock of quoted shares increased by EUR 1.5 billion during the quarter thanks to holding gains. The net financial assets of other social security funds decreased by EUR 0.1 billion and were EUR 2.0 billion at the end of the quarter. The fall in assets was due to the contraction of the deposit stock.


Source: General government financial accounts, Statistics Finland

Inquiries: Aaro Hottinen 029 551 3231, Henna Laasonen 029 551 3303, rahoitus.tilinpito@stat.fi

Director in charge: Ville Vertanen

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Updated 28.09.2018

Referencing instructions:

Official Statistics of Finland (OSF): General government financial accounts [e-publication].
ISSN=1798-1964. 2nd quarter 2018. Helsinki: Statistics Finland [referred: 28.3.2024].
Access method: http://www.stat.fi/til/jyrt/2018/02/jyrt_2018_02_2018-09-28_tie_001_en.html