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Latest publication: General government financial accounts 2021, 4th quarter

Published: 24 September 2021

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

At the end of the second quarter of 2021, general government's net financial assets, i.e. the difference between assets and liabilities, amounted to EUR 172.5 billion. Net financial assets went up by EUR 13.0 billion from the previous quarter. The growth was mainly due to holding gains of employment pension schemes and central government. 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 4.1 billion from the previous quarter and were EUR 61.1 billion negative at the end of the quarter. Assets grew in total by EUR 4.1 billion. Holding gains from quoted shares amounted to EUR 2.9 billion in total. Liabilities remained almost on level with the previous quarter.

The local government sector’s net financial assets grew by EUR 0.8 billion, being EUR 5.2 billion negative at the end of the quarter. During the quarter, assets grew by EUR 1.6 billion and liabilities increased by EUR 0.8 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 were EUR 236.9 billion positive at the end of the quarter. Employment pension schemes’ net financial assets increased by EUR 8.1 billion in total compared to the previous quarter. Holding gains from shares and mutual fund shares amounted to EUR 7.2 billion. Employment pension schemes increased their debt security assets by EUR 1.5 billion during the quarter.

The net financial assets of other social security funds were EUR 1.8 billion positive at the end of the second quarter. Their assets decreased by EUR 0.3 billion and liabilities by EUR 0.2 billion from the previous quarter, so their net financial assets weakened by a total of EUR 0.1 billion.


Source: General government financial accounts, Statistics Finland

Inquiries: Olli-Pekka Aaltonen 029 551 3090, Jose Lahtinen 029 551 3776, financial.accounts@stat.fi

Head of Department in charge: Katri Kaaja

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Updated 24.09.2021

Referencing instructions:

Official Statistics of Finland (OSF): General government financial accounts [e-publication].
ISSN=1798-1964. 2nd quarter 2021. Helsinki: Statistics Finland [referred: 6.7.2022].
Access method: http://www.stat.fi/til/jyrt/2021/02/jyrt_2021_02_2021-09-24_tie_001_en.html