Central government debt

The State Treasury is responsible for producing statistics on central government debt, e.g. the development and structure of debt. In addition to the State Treasury's government debt statistics, government debt is calculated in other ways.

For the purposes of compiling public economy statistics required by the EU, Statistics Finland calculates the government's so-called EDP debt. In addition to State Treasury statistics on the debt, this includes loans granted to beneficiary countries by the European Financial Stability Facility EFSF, received cash collaterals related to derivative contracts, the capital of the Nuclear Waste Management Fund, debts generated from investments in central government's PPP (public-private partnership) projects, and coins that are in circulation. In national accounts, central government is also a broader concept than the budget and financial economy, in addition to which it includes, for example, universities, Solidium, the Finnish Broadcasting Company and Senate Properties. When these differences are taken into consideration we reach the central government non-consolidated gross debt in accordance with the EDP concept. The amount of EDP debt can be found on the website of Statistics Finland.

The general government's EDP debt consists of the EDP debt of the government, municipalities and social security funds, netting the debts and receivables between these sectors. In general, the public debt specifically refers to the general government’s EDP debt. Issues such as the indebtedness of EU countries are compared using this concept.

Further information on Statistics Finland's website (e.g. general government deficit and debt, central government guarantees) >>

Published 2013-03-25 at  14:06 , updated 2016-09-14 at  12:38
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