Home > Statistics > General government debt by quarter > 2014 > 1st quarter > General government debt grew by EUR 3.4 billion in the first quarter of 2014

Published: 30 June 2014

General government debt grew by EUR 3.4 billion in the first quarter of 2014

General government EDP debt, or consolidated debt at nominal prices, grew by EUR 3.4 billion in the first quarter of 2014 and stood at EUR 113.8 billion at the end of the quarter. Compared with the respective period of the year before, general government debt has increased by a total of EUR 8.4 billion. These data derive from Statistics Finland's statistics on general government debt by quarter.

General government debt by quarter

During the first quarter of 2014, central government debt grew by EUR 2.8 billion, and stood at EUR 101.7 billion at the end of the quarter. During the quarter, the stock of bonds issued by central government grew by EUR 4.1 billion, and the stock of short-term loans by EUR 0.8 billion. Simultaneously, the stock of short-term debt securities diminished by EUR 2.2 billion. The debt of local government, i.e. municipalities and joint municipal boards, remained nearly at the same level as at the end of 2013. At the end of the first quarter of 2014, local government debt amounted to EUR 16 billion.

General government debt by quarter describes general government’s debt to other sectors of the national economy and to the rest of the world, and its development is influenced by changes in both unconsolidated debt and internal general government debts. Consolidated general government debt is derived by deducting debts between units recorded under general government from unconsolidated gross debt. For this reason, general government debt is smaller than the combined debts of its sub-sectors.

In September 2014, EU Member States will introduce the revised European System of Accounts, ESA 2010. The next release of these statistics will be accordant with the new ESA 2010 system.

Source: General government debt by quarter, Statistics Finland

Inquiries: Timo Ristimäki 029 551 2324, Martti Pykäri 029 551 3382, rahoitus.tilinpito@stat.fi

Director in charge: Leena Storgårds

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Appendix tables

• Appendix table 1. General government debt by quarter, EUR billion (30.6.2014)

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• Revisions in these statistics (30.6.2014)

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Updated 30.6.2014