Central government debtThe State Treasury is responsible for central government borrowing, cash management and risk management of the central government debt. The Ministry of Finance provides the State Treasury with instructions for debt and cash management on an annual basis, within the framework of which the State Treasury operates in the financial market. The State Treasury is also responsible for the government’s relationship with credit rating agencies.

Government borrowing is used for funding outstanding central government debt and possible government budget deficit. The State Treasury carries out borrowing by issuing Treasury bills, serial bonds and other loans via banks.

Purchasers of central government debt, i.e. investors, mainly comprise large institutions such as pension companies, insurance funds and banks.

For more information on Finland’s central government debt management and credit ratings, please visit treasuryfinland.fi.