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Published: 29 September 2017
General government’s net financial assets continued to grow in the second quarter of 2017
At the end of the second quarter of 2017, general government's net financial assets, i.e. the difference between assets and liabilities, amounted to EUR 126 billion. Net financial assets rose by EUR 5.9 billion from the previous quarter. The net financial assets of employment pension schemes and other social security funds grew by a total of EUR 2.7 billion. The net financial assets of local government and central government were also growing. The growth for local government was EUR 1.3 billion and for central government 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](jyrt_2017_02_2017-09-29_tie_001_en_001.png)
Central government's net financial assets grew by EUR 1.8 billion from the previous quarter's level, being EUR -66.4 billion at the end of the second quarter. Central government's assets reduced by EUR 2.0 billion, which was mainly caused by a decrease in deposits. Liabilities decreased by EUR 3.9 billion, mainly as the stock of long-term bonds declined. These factors resulted in central government's net financial assets increasing.
At the end of the second quarter of 2017, local government's net financial assets amounted to EUR -1.1 billion. Changes in assets have been moderate this year. At the end of the first quarter, the stock of long-term loans stood at EUR 16.9 billion. Growth from the previous quarter amounted to EUR 0.6 billion.
Employment pension schemes' net financial assets grew by EUR 2.9 billion in the second quarter of 2017. The stock of mutual fund shares decreased by EUR 3.0 billion of which holding losses amounted to EUR 1.2 billion. In addition, money also flowed from quoted shares and debt securities. In turn, the deposit stock grew by EUR 4.7 billion. Nearly one-half of employment pension schemes’ investments are in mutual fund shares. The second most holdings are in long-term bonds in which employment pension schemes have invested one-fifth of their assets.
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 29.9.2017
Official Statistics of Finland (OSF):
General government financial accounts [e-publication].
ISSN=1798-1964. 2nd quarter 2017. Helsinki: Statistics Finland [referred: 17.8.2024].
Access method: http://www.stat.fi/til/jyrt/2017/02/jyrt_2017_02_2017-09-29_tie_001_en.html