Finland Times

 

General government’s net lending (+) / net borrowing (-), trend. Source: General government revenue and expenditure,2nd quarter 2015. Statistics Finland.

The consolidated total general government revenue grew by EUR 1.1 billion in the second quarter of 2015 from the respective quarter of the previous year.

 

Correspondingly, consolidated expenditure increased by EUR 0.2 billion. The difference between revenue and expenditure, that is, the surplus of general government grew by EUR 0.9 billion, according to Statistics Finland’s data on general government revenue and expenditure by quarter.

 

Total revenue increased by 2.3 per cent from the previous quarter while total expenditure grew by 0.5 per cent from the previous quarter.

 

In the second quarter of 2015, the general government surplus (net lending) stood at EUR 1.6 billion. General government is comprised of central government, local government and social security funds.

 

In the second quarter, central government's total revenue amounted to EUR 14.9 billion and total expenditure was EUR 13.9 billion.

 

Central government's total revenue went up by 6.9 per cent from the respective quarter of the year before.

 

The revenue items that grew most were tax revenues.

 

Correspondingly, total expenditure decreased by 3.4 per cent. The difference between revenue and expenditure improved into a surplus of EUR 1.0 billion.

 

Local government's total revenue was EUR 12.7 billion in the second quarter. It grew by 1.1 per cent from the respective quarter in the year before.

 

Local government's total expenditure was EUR 12.5 billion in the second quarter. It grew by EUR 0.2 billion. 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 EUR 0.2 billion.