Home > Statistics > General government financial accounts > 2014 > 3rd quarter > Central government’s net financial assets decreased further in the third quarter of 2014

Published: 16 December 2014

Central government’s net financial assets decreased further in the third quarter of 2014

General government’s net financial assets, that is, the difference between financial assets and liabilities, totalled EUR 115.3 billion at the end of the third quarter of 2014. During the reference period, the net financial assets of central and local government decreased but on account of employment pension schemes and other social security funds, general government's combined net financial assets even grew slightly. These data derive from general government financial accounts compiled by Statistics Finland.

General government’s net financial assets

In the third quarter of 2014, the difference between assets and liabilities in central government grew from EUR -51.3 billion to EUR -54.0 billion. Net financial assets contracted mainly as a result of decreasing deposit assets.

The financial assets of employment pension funds and other social security funds stood at EUR 170.4 billion at the end of the third quarter. During the quarter, social security funds invested in net amounts most in mutual fund shares just as in the previous quarters of the year. Correspondingly, assets were moved particularly from short-term debt securities.

During the reference period, the difference between assets and liabilities in local government grew by EUR 0.5 billion. At the end of the quarter, the net financial assets of local government stood at EUR -1.1 billion.

Source: General government financial accounts, Statistics Finland

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

Director in charge: Leena Storgårds

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Appendix tables

• Appendix table 1. General government financial assets, liabilities and net assets, EUR billion (16.12.2014)

Figures

• Appendix figure 1. Shares and other equity held by employment pension schemes (16.12.2014)
• Appendix figure 2. Financial assets of central government (16.12.2014)

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Updated 16.12.2014