Govt’s financial position declines by €5.3b in Q2
Published : 20 Sep 2020, 01:04
The consolidated to total revenue of general government decreased by EUR 2.8 billion in the second quarter of 2020 compared to that in the corresponding quarter of the previous year, according to the Statistics Finland.
The consolidated total expenditure increased by EUR 2.5 billion from that in the previous year’s corresponding quarter.
The difference between revenue and expenditure, that is, the net borrowing of general government rose by EUR 5.3 billion.
The total revenue in the second quarter decreased by 4.6 per cent year on year, while the total expenditure grew by 5.0 per cent.
In the second quarter of 2020, the general government deficit (net borrowing) stood at EUR 3.7 billion.
Trade balance posts €270m surplus in Sep
Google buys €27m land in Finland for data center expansion
Prices of dwelling houses increase slightly in October
154 staff to affect as UPM to close Kaltenkirchen factory in Germany
Business confidence on rise but still weak: EK
Consumer confidence remains very weak in November
Editor-in-Chief Ofiul Hasnat,
Published by Finnish News Network (FNN),
Heporinne 4 B 45
01200 Vantaa, Finland.
E-mails : [email protected]
To Editor: [email protected]