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Operating expenses of municipalities in Mainland Finland decreased 2.2 percent

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Staff Writer | May 27, 2017
In January to March 2017, the external operating expenses of municipalities in Mainland Finland decreased by 2.2 percent compared with the corresponding period of the previous year.
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Europe   External operating revenue declined by 10.1 percent in Finland
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External operating revenue declined by 10.1 percent. Municipalities received a total of EUR 5.6 billion in tax revenue and EUR 2.2 billion in central government transfers to local government.

The external operating expenses of joint municipal authorities grew by 10.1 percent and operating revenue by 9.7 percent.

These data appear from Statistics Finland's statistics on quarterly local government finances, for which data were collected from 80 municipalities and from 69 joint municipal authorities in Mainland Finland.

The external operating expenses of municipalities in Mainland Finland totalled EUR 8.6 billion in January to March 2017. The decrease from the previous year’s corresponding period was 2.2 percent.

The external operating revenue of municipalities amounted to EUR 1.5 billion, which was 10.1 percent less than in the corresponding quarter last year.

Municipalities' tax funding, which consists of tax revenue and central government transfers to local government, amounted to EUR 7.8 billion, which was 1.2 percent less than in the year before.

Calculated per inhabitant, municipalities received a total of EUR 1,421 in tax funding.

The combined annual contribution margin of municipalities amounted to EUR 0.8 billion, which was 9.8 percent less compared to the situation one year ago.

In the period from the beginning of 2017 to the end of March, municipalities used EUR 0.4 billion on investments, which corresponded to the level of the previous year. At the end of March, the combined loan stock totalled EUR 15.6 billion.

This was 2.8 percent lower than at the end of the previous quarter. Calculated per inhabitant, the loans of municipalities in Mainland Finland were EUR 2,853.

The external operating expenses of joint municipal authorities in Mainland Finland totalled EUR 3.2 billion in January to March 2017.

The external operating revenue of joint municipal authorities was EUR 3.6 billion. Operating expenses grew by 10.1 percent and operating revenue by 9.7 percent from the previous year’s corresponding quarter.

The combined annual contribution margin of joint municipal authorities was EUR 0.4 billion. Thus, the annual contribution margin of joint municipal authorities increased by 8.1 percent from last year's level.

The investment expenses of joint municipal authorities were EUR 0.2 billion in the first quarter of 2017, which was 44.1 percent more than one year ago.

The loan stock of joint municipal authorities stood at EUR 3.1 billion at the end of the first quarter of 2017, which was 1.0 percent less than at the end of the previous quarter.

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