Finland Times

Municipalities' external operating expenses amounted to EUR 18.5 billion and operating revenue to EUR 4.0 billion In January to June 2016.

Municipalities received a total of EUR 11.1 billion in tax revenue and EUR 4.5 billion in central government transfers, according to Statistics Finland's statistics on quarterly local government finances.

Joint municipal authorities' external operating expenses amounted to EUR 6.5 billion and the operating revenue to EUR 6.7 billion.

Municipalities' external operating expenses amounted to EUR 18.5 billion and operating revenue to EUR 4.0 billion in January to June 2016 as per the statistics for which data were collected from 80 municipalities and from 69 joint municipal authorities in Mainland Finland.

Municipalities' tax funding, which consists of tax revenue and central government transfers to local government, totalled EUR 15.7 billion.

In all, 71.1 per cent of tax funding comprised of tax revenues and 28.9 per cent of central government transfers.

The combined annual contribution margin of municipalities was EUR 1.5 billion.

Municipalities’ investment expenditure stood at EUR 1.2 billion at the end of the first half of 2016. At the end of June, the combined loan stock stood at EUR 14.9 billion, which amounted to EUR 2,729 per capita.