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Sat, 28 Mar, 2015 12:10:17 AM FTimes Report, Mar 28  General government’s net lending (+) / net borrowing (-), trend. Source: General government revenue and expenditure,4th quarter 2014. Statistics Finland. The general government deficit in the fourth quarter of 2014 went up by euro 0.5 billion, according to Statistics Finland's data.
Consolidated total general government revenue grew by euro 0.6 billion from the respective quarter of the previous year.
Correspondingly, consolidated expenditure increased by euro 1.1 billion.
The difference between revenue and expenditure, that is, the deficit of general government, therefore, rose by euro 0.5 billion, the data show.
Total revenue increased by 1.6 per cent from the previous quarter while the total expenditure grew by 1.2 per cent.
During October to December of 2014, the general government deficit (net borrowing) stood at euro 4.8 billion, as per the data 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.
In the fourth quarter, the central government's total revenue amounted to euro 12.8 billion and total expenditure was euro 15.6 billion. Central government's total revenue went up by 5.6 per cent from the respective quarter of the year before.
Correspondingly, total expenditure grew by 2.9 per cent. The difference between revenue and expenditure of central government went down by euro 0.2 billion.
Local government's total revenue was euro 11.1 billion in the fourth quarter. It diminished by 1.5 per cent from the respective quarter of the year before.
Of revenues, other direct taxes and market output increased. The revenue items that decreased most were income taxes received.
Local government's total expenditure was euro 13.4 billion in the fourth quarter. They grew by 2.6 per cent.
The expenditure items that grew most were intermediate consumption and purchases of natural resources. The local government deficit went up from the previous year and amounted to euro 2.3 billion.
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