Published: 28 June 2019

General government’s net financial assets increased in the first quarter of 2019

At the end of the first quarter of 2019, general government's net financial assets, i.e. the difference between assets and liabilities, amounted to EUR 132.1 billion. Net financial assets grew by EUR 9.8 billion from the previous quarter especially due to employment pension schemes' holding gains. The net financial assets of employment pension schemes increased in total by EUR 10.0 billion. The net financial assets of other social security funds went down by EUR 0.2 billion. The net financial assets of central and local government remained almost unchanged. 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 0.1 billion from the previous quarter's level being EUR -65.6 billion at the end of the quarter. Assets grew by EUR 6.3 billion as a result of holding gains from quoted shares and a rise in the deposit stock. Liabilities grew by EUR 6.2 billion mainly due to the rise in the stock of debt securities.

Local government's net financial assets remained unchanged at EUR 4.1 billion. Assets increased by EUR 0.7 billion and, at the same time, liabilities grew by EUR 0.7 billion. The liabilities stock of short-term and long-term loans was EUR 19.1 billion at the end of the quarter.

Employment pension schemes' net financial assets stood at EUR 199.7 billion at the end of the quarter. Employment pension schemes’ net financial assets grew by EUR 10.0 billion compared to the previous quarter. In the first quarter, holding gains were EUR 3.0 billion for quoted shares and EUR 6.5 billion for mutual fund shares. The net financial assets of other social security funds went down by EUR 0.2 billion, especially due to a drop in the deposit stock.


Source: General government financial accounts, Statistics Finland

Inquiries: Olli-Pekka Aaltonen 029 551 3090, Aaro Hottinen 029 551 3231, rahoitus.tilinpito@stat.fi

Director in charge: Ville Vertanen

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Updated 28.06.2019

Referencing instructions:

Official Statistics of Finland (OSF): General government financial accounts [e-publication].
ISSN=1798-1964. 1st quarter 2019. Helsinki: Statistics Finland [referred: 18.7.2019].
Access method: http://www.stat.fi/til/jyrt/2019/01/jyrt_2019_01_2019-06-28_tie_001_en.html