Finland Times

 

General government debt by quarter. Source: General government debt by quarter, Statistics Finland.

General government EDP debt grew by euro two billion in the first quarter of 2015 and stood at euro 123.8 billion at the end of the period.  

 

Compared with the respective quarter of the year before, general government debt has increased by a total of euro 7.4 billion, according to the data derived from Statistics Finland's statistics on general government debt by quarter.

 

During the first quarter of 2015, central government debt grew by euro 2.4 billion, and stood at euro 109.7 billion at the end of the quarter.

 

During the quarter, the stock of bonds issued by central government grew by euro 3.6 billion, and the stock of short-term loans by euro 3.3 billion, the data show.

 

Simultaneously, the stock of short-term debt securities was diminished by euro 4.2 billion.

 

In addition, the stock of cash deposits and long-term loans decreased in total by euro 0.4 billion.

 

Local government debt, that is, the debt of municipalities and joint municipal boards, decreased by euro 0.3 billion, and totalled euro 17.3 billion at the end of the quarter.

 

General government EDP debt 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 unconsolidated debt and internal general government debts.

 

Consolidated general government gross 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.

 

Central government's EDP debt includes loans granted to beneficiary counties by the European Financial Stability Facility EFSF, received cash collaterals related to derivative contracts, the capital of the Nuclear Waste Management Fund, debts generated from investments in central government's PPP (public-private partnership) projects, coins that are in circulation, and the deposits of the European Commission.