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Home BUSINESSGovt guarantees stock stands at EUR 30.7 billion in March
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Tue, 04 Jun, 2013 02:14:27 AM
FTimes Report, June 4

 

 

Source - Statistics Finland
The stock of central government guarantees stood at EUR 30.7 billion at the end of the first quarter of 2013, according to Statistics Finland.
 
The stock of government guarantees was 15 per cent higher than that in the previous year and half-a-per-cent higher than that in the previous quarter.
 
During the first quarter of the year, new central government guarantees were granted to the amount of EUR 1.5 billion. Of new guarantees, EUR 0.9 billion were granted to Finland and EUR 0.6 billion to the rest of the world.
 
Central government guarantees include all guarantees granted by the state, government-owned enterprises, government-owned limited companies and special credit institutions for which the state is ultimately liable.
 
Guarantees to enterprises make up 40 per cent of the stock of central government guarantees. Guarantees granted to housing associations account for 26 per cent and those to the rest of the world for 19 per cent of the guarantee stock.
 
The remaining 15 per cent of the stock of central government guarantees divides between households, financial and insurance corporations, and general government.
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