General govt debt grows by €2.5b in Q1

The general government debt, consolidated gross debt at nominal prices amounted to EUR 213.2 billion in the first quarter of 2024 and grew by EUR 2.5 billion during the quarter, according to Statistics Finland.

Relative to GDP, general government debt stood at 77.4 per cent. General government debt grew by EUR 14.5 billion compared to the respective period of the year before.

During the first quarter, central government debt grew by EUR 4.7 billion and was EUR 178.9 billion at the end of the quarter.

The stock of long-term bonds increased by EUR 6.3 billion and the stock of short-term debt instruments with a maturity of under one year decreased by EUR 0.3 billion.

The stock of short-term loans decreased by EUR 1.5 billion and the stock of long-term loans increased by EUR 0.4 billion.

Local government sector's debt decreased by EUR 1.4 billion during the first quarter of 2024 totalling to EUR 35.0 billion at the end of the quarter.

The local government sector’s stock of long-term loans fell by EUR 1.2 billion during the quarter and was EUR 32.1 billion at the end of the first quarter.

Social security funds' debt decreased by EUR 1.1 billion, mainly due to a decrease in short-term loans and stood at EUR 1.6 billion at the end of the first quarter of 2024.