Home > Statistics > General government revenue and expenditure by quarter > 2009 > 2nd quarter > Rising expenditure and falling revenue weakened general government’s financial position in the 2nd quarter of 2009

Published: 30 September 2009

Rising expenditure and falling revenue weakened general government’s financial position in the 2nd quarter of 2009

General government revenue decreased by 8.5 per cent in the second quarter of 2009 when comparing seasonally unadjusted data with corresponding data from the year before. The revenue items that fell most were income tax, capital income, and taxes on production and imports. Respectively, general government expenditure rose by 3.4 per cent. The expenditure items that grew most were social benefits in cash, intermediate consumption and compensation of employees. Interest income diminished in consequence of the generally fallen level of interest rates. General government revenue contracted by EUR 2.4 billion. Expenditure increased by EUR 0.8 billion. Due to the fallen revenue and risen expenditure, the financial position (net lending) of general government weakened by EUR 3.1 billion from the respective quarter of the year before and stood at EUR 1.8 billion. The positive figure on general government net lending is explained by the financial position of employment pension funds. General government is comprised of central government, social security funds and local government. The data derive from Statistics Finland’s quarterly statistics on general government revenue and expenditure.

The data for the two latest years are preliminary and will become revised as annual national accounts data are revised. The trend shown in the Figure has been calculated with the Tramo/Seats method. The trend can become revised in the coming periods as preliminary data are revised. As the time series of annual accounts become revised, the time series of this set of statistics will also be revised. These data are based on the information on economic development available by 28 September 2009. The data will next be revised at the end of December 2009.

General government total revenue and total expenditure 2000 - 2009

Source: General government revenue and expenditure, 2nd quarter 2009. Statistics Finland

Inquiries: Jouni Pulkka (09) 1734 3532, Teuvo Laukkarinen (09 ) 1734 3315, rahoitus.tilinpito@stat.fi

Director in charge: Ari Tyrkkö

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Figures

• Social benefits other than social transfers in kind (30.9.2009)
• Capital taxes (30.9.2009)
• Actual social contributions (30.9.2009)
• Current Taxes on Income, Wealth, etc. (30.9.2009)
• Value Added Type Taxes (30.9.2009)
• Taxes on Production and Imports (30.9.2009)

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Updated 30.09.2009