Published: 26 March 2021

General government’s net financial assets increased in the last quarter of 2020

At the end of the last quarter of 2020, general government's net financial assets, i.e. the difference between assets and liabilities, amounted to EUR 152.3 billion. Net financial assets went up by EUR 16.0 billion from the previous quarter. The growth was mainly due to holding gains of central government and employment pension schemes. 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 2.1 billion from the previous quarter and stood at EUR -60.1 billion at the end of the quarter. Assets grew in total by EUR 6.6 billion. Holding gains from quoted shares amounted to EUR 6.9 billion in total. The stock of transferable deposits decreased in total by EUR 1.0 billion. Liabilities grew by EUR 4.4 billion mainly due to a growth in the stock of debt securities.

The local government's net financial assets grew by EUR 0.8 billion, being EUR -7.9 billion at the end of the quarter. Assets grew by EUR 2.5 billion and at the same time liabilities increased by EUR 1.6 billion. The liabilities stock of short-term and long-term loans was EUR 23.8 billion at the end of the quarter.

Employment pension schemes' net financial assets stood at EUR 218.2 billion at the end of the quarter. Employment pension schemes’ net financial assets increased by EUR 13.1 billion in total compared to the previous quarter. Holding gains from shares and mutual fund shares amounted to EUR 10.8 billion and employment pension schemes increased them by EUR 2.2 billion on net. The stock of transferable deposits decreased by EUR 1.1 billion from the previous quarter.

Other social security funds' assets and liabilities remained almost on level with the previous quarter.


Source: General government financial accounts, Statistics Finland

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

Head of Department in charge: Katri Kaaja

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Updated 26.03.2021

Referencing instructions:

Official Statistics of Finland (OSF): General government financial accounts [e-publication].
ISSN=1798-1964. 4th quarter 2020. Helsinki: Statistics Finland [referred: 7.5.2021].
Access method: http://www.stat.fi/til/jyrt/2020/04/jyrt_2020_04_2021-03-26_tie_001_en.html