Finland Times

 

New central government quarantees granted, EUR million. Source: Statistics Finland.

The stock of central government guarantees stood at EUR 34.3 billion at the end of the second quarter this year posting an increase of eight per cent from the corresponding period last year. 

 

According to the Statistics Finland, the stock of guarantees was of the same size as at the end of the previous quarter. 

 

During the second quarter of the year, new central government guarantees to the amount of EUR 1.8 billion were granted. Of the new guarantees, EUR 1.5 billion were granted to Finland and a good EUR 0.3 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, excluding housing corporations, make up 36 per cent of the stock. Guarantees granted to housing associations account for 28 per cent and those to the rest of the world for 21 per cent. The remaining 15 per cent of the stock divides between households, financial and insurance corporations, and general government.