General govt debt grows by €3.2b in Q2

General government EDP debt, i.e. consolidated gross debt at nominal prices amounted to EUR 188.2 billion at the end of the second quarter of 2022 and grew by EUR 3.2 billion during the quarter, according to Statistics Finland.

Relative to GDP, general government debt stood at 71.6 per cent. General government debt has grown by EUR 7.4 billion compared with the respective period of the year before.

Central government debt grew by EUR 3.5 billion during the second quarter while the local government sector's debt decreased by EUR 0.6 billion.

Social security funds’ debt, however, remained almost unchanged.

During the second quarter, central government debt grew by EUR 3.5 billion and was EUR 154.7 billion at the end of the quarter.

The stock of long-term bonds grew by EUR 0.4 billion and the stock of short-term debt instruments with a maturity of under one year increased by EUR 3.4 billion.

The stock of short-term loans went down by EUR 0.5 billion and the stock of long-term loans by EUR 0.1 billion.

The local government sector's debt decreased by EUR 0.6 billion in the second quarter of 2022.

The loan stock went down by EUR 0.6 billion and the amount of short-term debt instruments grew by EUR 0.1 billion from the previous quarter.

Social security funds’ debt remained almost unchanged from the previous quarter, standing at EUR 3.1 billion at the end of the quarter. Of these, the debt stock of employment pension schemes was EUR 1.8 billion and that of other social security funds EUR 1.3 billion.