General government’s net financial assets decreased in the second quarter of 2022
review | General government financial accounts 2022, 2nd quarterAccording to Statistics Finland, general government's net financial assets, i.e. the difference between assets and liabilities, amounted to EUR 162.9 billion at the end of the second quarter of 2022. Net financial assets fell by EUR 7.7 billion from the previous quarter. The fall was especially due to holding losses of employment pension schemes.
General government financial assets, liabilities and net assets, EUR billion
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022/Q1 | 2022/Q2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net | S13 General government | 112,0 | 116,9 | 118,9 | 122,8 | 137,1 | 127,1 | 150,3 | 152,6 | 182,1 | 170,6 | 162,9 |
| S1311 Central government | -43,8 | -51,8 | -56,3 | -59,7 | -58,7 | -59,7 | -56,1 | -60,4 | -64,3 | -71,9 | -70,9 | |
| S1313 Local government | -2,8 | -2,7 | -3,7 | -4,0 | -2,9 | -5,8 | -7,9 | -7,5 | -6,6 | -3,7 | -2,4 | |
| S1314 Social security funds | 158,7 | 171,4 | 178,9 | 186,5 | 198,7 | 192,6 | 214,4 | 220,5 | 252,9 | 246,2 | 236,2 | |
| Assets | S13 General government | 262,0 | 280,8 | 292,5 | 303,1 | 320,6 | 313,8 | 343,3 | 373,9 | 402,6 | 391,9 | 382,6 |
| S1311 Central government | 70,4 | 73,4 | 75,6 | 76,8 | 77,5 | 80,4 | 89,1 | 106,8 | 101,7 | 93,4 | 92,6 | |
| S1313 Local government | 27,6 | 29,6 | 30,6 | 31,4 | 32,7 | 33,3 | 34,9 | 38,4 | 40,9 | 41,1 | 41,9 | |
| S1314 Social security funds | 164,1 | 177,8 | 186,3 | 194,9 | 210,3 | 200,1 | 219,3 | 228,7 | 260,1 | 257,4 | 248,0 | |
| Liabilities | S13 General government | 150,0 | 164,0 | 173,6 | 180,3 | 183,5 | 186,8 | 193,0 | 221,3 | 220,6 | 221,3 | 219,7 |
| S1311 Central government | 114,2 | 125,1 | 131,8 | 136,5 | 136,2 | 140,1 | 145,2 | 167,1 | 166,0 | 165,3 | 163,6 | |
| S1313 Local government | 30,4 | 32,4 | 34,3 | 35,4 | 35,6 | 39,1 | 42,8 | 45,9 | 47,5 | 44,8 | 44,4 | |
| S1314 Social security funds | 5,4 | 6,5 | 7,5 | 8,4 | 11,7 | 7,5 | 4,9 | 8,3 | 7,1 | 11,2 | 11,8 | |
The central government sector’s net financial assets increased by EUR 0.9 billion from the previous quarter and were EUR 70.9 billion negative at the end of the quarter.
The local government sector’s net financial assets grew by EUR 1.3 billion, being EUR 2.4 billion negative at the end of the quarter.
Employment pension schemes’ net financial assets were EUR 234.6 billion positive at the end of the quarter. Employment pension schemes’ net financial assets decreased by EUR 9.8 billion in total compared to the previous quarter.
Figures
Shares and other equity held by employment pension schemes
Financial assets of central government
Data revisions
Revisions to the sectors' net financial assets from the first publication, EUR million
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