General government EMU debt grew in the last quarter of 2008

General government EMU debt at nominal prices grew by EUR 6.4 billion in the last quarter of 2008 and stood at EUR 62.1 billion at the year-end. Although central government debt went up in the last quarter, general government EMU debt was still smaller than at the end of 2007.

Most of the increase in general government debt towards the end of 2008 came from growth in central government debt, of which short-term money market instrument debt accounted for EUR 5.0 billion and bond debt EUR 1.0 billion. EUR 53.6 billion of the consolidated general government debt was central government debt while the remainder was local government debt.

The unconsolidated gross debt of local government, that is municipalities and joint municipal boards, grew by EUR 0.5 billion in the last quarter of the year. Over the year, local government’s long-term loans increased by EUR 0.7 billion and stood at EUR 9.3 billion at the year-end.

General government EMU debt is consolidated debt, which means that it excludes debt items between sub-sectors.

General government EMU debt

Source: General government EMU debt, Statistics Finland

Inquiries: Matti Okko (09) 1734 3341, Marika Männistö (09) 1734 2324, rahoitus.tilinpito@stat.fi

Director in charge: Ari Tyrkkö

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Appendix tables

General government EMU debt, billion euro (8.4.2009)

Updated 08.04.2009

Referencing instructions:

Official Statistics of Finland (OSF): General government debt by quarter [e-publication].
ISSN=1799-8034. 4th quarter 2008. Helsinki: Statistics Finland [referred: 28.12.2024].
Access method: http://www.stat.fi/til/jyev/2008/04/jyev_2008_04_2009-04-08_tie_001_en.html