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Published: 2 July 2012

The financial position of general government improved from January to March

In the first quarter of 2012, general government revenue grew by EUR 1.4 billion from the respective quarter of the previous year. Correspondingly, expenditure increased by EUR 0.8 billion. The difference between revenue and expenditure, that is, the financial position (net lending) of general gov-ernment improved by EUR 0.5 billion from the respective quarter of the year before. The change in total revenue amounted to 2.3 per cent from the previ-ous quarter. Total expenditure increased by 1.7 per cent from the previous quarter. In the first quarter of 2012, the financial position (net lending) of general government showed a deficit of EUR 0.4 billion. The data derive from Statistics Finland’s statistics on general government revenue and ex-penditure by quarter. General government is comprised of central govern-ment, local government and social security funds.

General governments net lending (+) / net borrowing (-), trend

The data for the two latest years are preliminary and will become revised as annual national accounts data are revised. Seasonally adjusted and trend time series have been calculated with the Tramo/Seats method. The change in total revenue and expenditure from the previous quarter has been calcu-lated from seasonally adjusted time series. Seasonally adjusted and trend time series always become revised against new observations irrespective of whether the original time series becomes revised or not. Further information on the seasonal adjustment method: http://www.tilastokeskus.fi/til/tramo_seats_en.html 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 data sources available by 25 June 2012. The data will be next revised at the end of Sep-tember 2012.

Source: General government revenue and expenditure,1st quarter 2012. 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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Appendix tables

• Appendix table 1. Change in general government revenue and expenditure 2012/1 (2.7.2012)

Figures

• Appendix figure 1. Social benefits other than social transfers in kind (2.7.2012)
• Appendix figure 2. Actual social contributions (2.7.2012)
• Appendix figure 3.Current Taxes on Income, Wealth, etc., trend (2.7.2012)
• Appendix figure 4. Taxes on Production and Imports (2.7.2012)
• Appendix figure 5. Total revenue, trend (2.7.2012)
• Appendix figure 6. Total expenditure, trend (2.7.2012)

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Updated 2.7.2012