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Home BUSINESSGeneral government EDP debt goes up by EUR 4.4 billion in Q2
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Fri, 02 Oct, 2015 12:31:37 AM
FTimes Report, Oct 2
 
General government debt by quarter. Source: General government debt by quarter, Statistics Finland.
General government EDP debt, or consolidated debt at nominal prices, grew by EUR 4.4 billion in the second quarter of 2015 and stood at EUR 128.3 billion at the end of the quarter.
 
Compared with the respective period of the year before, general government debt has increased by a total of EUR 8.9 billion, according to the data derived from Statistics Finland's statistics on general government debt by quarter. 
 
During the second quarter of 2015, central government debt grew by EUR 3.1 billion and stood at EUR 112.9 billion at the end of the quarter.
 
The stock of short-term debt securities grew by EUR 3.3 billion and the stock of bonds by EUR 1.3 billion. At the same time, the stock of short-term loans decreased by EUR 1.6 billion and the stock of long-term loans remained almost on level with the previous quarter.
 
Local government debt, that is, the debt of municipalities and joint municipal boards, increased by EUR 0.3 billion in the second quarter and totalled EUR 17.7 billion at the end of the quarter, the statistics show.
 
In addition, social security funds’ debt grew by EUR 0.7 billion as a result of issuing of bonds.
 
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.
 
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