Finland Times

 

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

The stock of central government guarantees stood at euro 35.7 billion at the end of the third quarter of 2014. 

 

According to Statistics Finland's data, the stock of guarantees was nine per cent higher compared to the year before and four per cent higher than at the end of the previous quarter. 

 

During the third quarter of the year, new central government guarantees were granted to the amount of euro 1.9 billion. Of the new guarantees, euro 1.8 billion were granted to Finland and good euro 0.1 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 of central government guarantees. Guarantees granted to housing associations account for 27 per cent and those to the rest of the world for 20 per cent of the guarantee stock. The remaining 17 per cent of the stock of central government guarantees divides between households, financial and insurance corporations, and general government.