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Home BUSINESSGovt surplus decreases by EUR 0.4 billion in 2nd quarter
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Tue, 01 Oct, 2013 12:03:51 AM
FTimes Report, October 1
Source Statistics Finland.
Consolidated total general government revenue in the country has grown by EUR 0.8 billion in the second quarter of 2013 compared to that in the respective quarter of the previous year, according to the Statistics Finland.
But consolidated expenditure has also increased by EUR 1.2 billion resulted in the decrease of surplus (net lending) of general government by EUR 0.4 billion from the last year.
Total revenue increased by 0.5 per cent from the previous quarter while total expenditure grew by 1.8 per cent from the previous quarter.
In the second quarter of 2013, the general government surplus (net lending) stood at EUR 1.2 billion. These data is derived from Statistics Finland’s statistics on general government revenue and expenditure by quarter. General government is comprised of central government, local government and social security funds.
After examinations of year-on-year changes which are made with figures unadjusted for seasonal variation, central government's total revenue amounted to EUR 13.3 billion in the second quarter and total expenditure was EUR 13.6 billion.
And accordingly, central government's total revenue grew by EUR 0.4 billion or by 3.0 per cent from the respective quarter of the year before and total expenditure increased by EUR 0.3 billion or 2.4 per cent. The difference between revenue and expenditure, that is, the deficit (net borrowing) of central government went down by EUR 0.1 billion. The deficit totalled EUR 0.2 billion.
But after making examinations of changes from the previous quarter with seasonally adjusted figures, central government's total revenue diminished by 1.0 per cent from the previous quarter while expenditure remained unchanged.
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