HELSINGIN SANOMAT
  INTERNATIONAL EDITION - BUSINESS & FINANCE

   You arrived here at 08:20 Helsinki time Thursday 28.8.2014

   HOME

   ARCHIVE

   ABOUT



   SUOMEKSI -
   IN FINNISH






State indebtedness to reach record levels


State indebtedness to reach record levels
 print this
The debt burden of the state of Finland will shortly become higher than ever before. The previous debt record set in the aftermath of the recession of the early 1990s will soon be consigned to history, the State Treasury reports. In the comparison, inflation has not been taken into account.
     
According to the International Monetary Fund, in only a few years’ time Finland’s state debt will also grow to a record high relative to the country’s gross domestic product.
      The IMF predicts that after five years the state debt will reach over 76 per cent of GDP.
     
Finland’s highest-ever debt-to-GDP ratio of 67% was recorded in 1996.
      At the end of August, the Finnish state owed EUR 70 billion, which adds up to EUR 13,006 for each individual Finn.


Previously in HS International Edition:
  Weak euro boosts economic growth (24.6.2010)
  State debt surges after slight decline (22.3.2010)

See also:
  Finland chastised by EU Commission on excessive deficit (16.6.2010)

Links:
  IMF: Finland (Executive Board Consultation, September 2010)

Helsingin Sanomat


  17.9.2010 - TODAY
 State indebtedness to reach record levels

Back to Top ^