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Thu, 25 Jun, 2015 12:02:11 AM FTimes Report, June 25
Consolidated total general government revenue grew by euro 0.2 billion in the first quarter of 2015 compared to the corresponding quarter of the previous year.
Correspondingly, consolidated expenditure decreased by euro 0.1 billion, according to the Statistics Finland’s data.
The deficit of general government, therefore, decreased by euro 0.3 billion.
Total revenue decreased by 1.1 per cent from the previous quarter while the total expenditure fell by 0.6 per cent from the previous quarter.
In the first quarter of 2015, the general government deficit stood at euro 0.9 billion as per the data on general government revenue and expenditure by quarter.
General government is comprised of central government, local government and social security funds.
In the first quarter, central government's total revenue amounted to euro 12.2 billion and total expenditure was euro 14.1 billion.
Central government's total revenue went up by 1.2 per cent from the respective quarter of the year before.
Correspondingly, total expenditure decreased by 4.2 per cent. The difference between revenue and expenditure, that is, the net borrowing of the central government went down by euro 0.8 billion.
The deficit totalled euro 1.8 billion.
Local government's total revenue was euro 12.1 billion in the first quarter. It diminished by euro 0.1 billion or by 0.5 per cent from the corresponding quarter of the year before.
The revenue items that grew most were income taxes received and other direct taxes.
The revenue item that decreased most was current transfers received.
Local government's total expenditure was euro 11.8 billion in the first quarter. They grew by euro 0.2 billion or 1.5 per cent. The expenditure item that grew most was intermediate consumption.
The difference between revenue and expenditure, that is, the local government surplus went down from the previous year and amounted to euro 0.3 billion.
In the first quarter, employment pension schemes' total revenue amounted to euro 6.7 billion and the total expenditure was euro 6.1 billion.
Total revenue grew by euro 0.1 billion or 2.0 per cent from the corresponding quarter in the year before and total expenditure increased by euro 0.4 billion or 7.1 per cent, the data show.
The revenue item that grew most was social contributions, and in expenditure, paid social benefits other than social transfers in kind.
The difference between revenue and expenditure, that is, the surplus of employment pension schemes went down by euro 0.3 billion and amounted to euro 0.6 billion.
Other social security funds' total revenue was euro 4.8 billion in the first quarter.
The change in total revenue amounted to 2.8 per cent from the corresponding quarter of one year ago. The revenue growth was mainly caused by the increase in current transfers received from other general government.
The expenditure of other social security funds amounted to euro 4.8 billion, which was 2.9 per cent higher than one year ago.
The expenditure item that grew most was paid social benefits other than social transfers in kind. The difference between revenue and expenditure, that is, the surplus of other social security funds was euro 84 million.
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