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Home BUSINESSGovt EMU debt grows by EUR 4.8 billion in 2nd quarter
Wed, 02 Oct, 2013 12:00:49 AM
FTimes Report, October 2
Source: Statistics Finland
General government EDP debt, or consolidated debt at nominal prices stood at EUR 110.1 billion at the end of the second quarter marking an increase of EUR 4.8 billion, the data of the Statistics Finland showed.
Compared with the respective period of the year before, general government debt has increased by a total of EUR 9.8 billion. These data is derived from Statistics Finland's statistics on general government debt by quarter.
In the second quarter, central government debt grew by EUR 4.5 billion, and stood at EUR 99.6 billion . During the quarter, the stock of central government's bonds grew by EUR 4.7 billion, the stock of money market instruments by EUR 0.6 billion, and the stock of long-term loans by EUR 0.5 billion.
Central government's short-term loans decreased by EUR 1.3 billion while local government debt, that is, the debt of municipalities and joint municipal boards, rose by EUR 0.4 billion, and stood at EUR 14.9 billion at the end of the quarter. Internal general government debt grew by altogether EUR 0.2 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.
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