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General govt debt grows by €12.3b in Q1 2020

Published : 28 Jun 2020, 01:59

  DF Report

File Photo Xinhua.

General government EDP debt, i.e. consolidated gross debt at nominal prices amounted to EUR 154.7 billion at the end of the first quarter of 2020 and grew by EUR 12.3 billion during the quarter, according to Statistics Finland.

Correspondingly, general government debt has grown by EUR 14.8 billion compared with the respective period of the year before.

The local government sector's debt grew by EUR 1.1 billion and totalled EUR 25.4 billion at the end of the quarter.

The number of debt instruments grew by EUR 0.8 billion and the loan stock went up by EUR 0.3 billion. Social security funds' debt grew by EUR 0.6 billion and totalled EUR 2.0 billion at the end of the quarter.

Of them, employment pension schemes' debt grew by EUR 0.5 billion due to cash collateral received in connection with derivative contracts and securities lending. The debt of other social security funds grew by EUR 0.1 billion due to a newly issued debt security.