A more recent publication of this set of statistics is available.

Latest publication: General government financial accounts 2021, 2nd quarter

Published: 24 June 2021

General government’s net financial assets increased in the first quarter of 2021

At the end of the first quarter of 2021, general government's net financial assets, i.e. the difference between assets and liabilities, amounted to EUR 160.1 billion. Net financial assets went up by EUR 7.9 billion from the previous quarter. The growth was mainly due to holding gains of 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 fell by EUR 4.5 billion from the previous quarter and stood at EUR -65.1 billion at the end of the quarter. Assets decreased in total by EUR 3.0 billion. Holding losses from quoted shares amounted to EUR 2.4 billion in total. The stock of transferable deposits grew by EUR 1.5 billion. Liabilities grew in total by EUR 1.5 billion..

The local government’s net financial assets grew by EUR 1.7 billion, being EUR -5.8 billion at the end of the quarter. Assets grew by EUR 0.5 billion and at the same time liabilities went down by EUR 1.2 billion. The liabilities stock of short-term and long-term loans was EUR 23.2 billion at the end of the quarter.

Employment pension schemes' net financial assets stood at EUR 229.2 billion at the end of the quarter. Employment pension schemes’ net financial assets increased by EUR 11.0 billion in total compared to the previous quarter. Holding gains from shares and mutual fund shares amounted to EUR 11.9 billion and employment pension schemes decreased them by EUR 0.8 billion on net. The stock of transferable deposits decreased by EUR 1.8 billion from the previous quarter. Employment pension schemes increased their debt securities receivable by EUR 1.3 billion during the quarter.

Other social security funds’ net financial assets stood at EUR 1.8 billion at the end of the first quarter. Their assets decreased by EUR 0.1 billion and liabilities grew by EUR 0.2 billion from the previous quarter, when net financial assets weakened by a total of EUR 0.3 billion.

The responsibility for collecting quarterly data on the finances of municipalities and joint municipal authorities was transferred from Statistics Finland to the State Treasury in early 2021: http://www.stat.fi/uutinen/quarterly-local-government-finances-published-for-the-first-time-on-the-exploreadministrationfi-service The aim of the new data collection has been advanced automation. In addition, the collected data content is wider than before. Changes may initially have an effect on the quality and comparability of data concerning general government from the perspective of statistics.


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 24.06.2021

Referencing instructions:

Official Statistics of Finland (OSF): General government financial accounts [e-publication].
ISSN=1798-1964. 1st quarter 2021. Helsinki: Statistics Finland [referred: 27.9.2021].
Access method: http://www.stat.fi/til/jyrt/2021/01/jyrt_2021_01_2021-06-24_tie_001_en.html