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Home BUSINESSGovt EDP debt down by EUR 2.5 billion in Q3
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Tue, 22 Dec, 2015 12:07:17 AM
FTimes Report, Dec 22
 
General government debt by quarter. Source: General government debt by quarter, Statistics Finland.
General government EDP debt, or consolidated debt at nominal prices, decreased by EUR 2.5 billion in the third quarter of 2015 and stood at EUR 126.1 billion at the end of quarter.
 
Compared with the respective period of the year before, general government debt has increased by a total of EUR 7.6 billion, according to the data derived from Statistics Finland's statistics on general government debt by quarter.
 
During the third quarter of 2015, central government debt diminished by EUR 2.9 billion, and stood at EUR 110.1 billion at the end of the quarter.
 
Due to amortisations, the stock of bonds decreased by EUR 2.8 billion, and the stock of both short and long-term loans by a total of EUR 0.1 billion.
 
The debt of local government, that is, mainly municipalities and joint municipal boards, remained on level with the previous quarter, totalling EUR 17.9 billion at the end of the quarter.
 
Social security funds’ debt also remained on level with the previous quarter, standing at EUR 0.8 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.  
 
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