Every year by the end of February, government agencies and departments draw up the final central government accounts, which include the annual report, budget realisation statement, income and expense account, balance sheet and notes. The State Treasury compiles the accounting data of agencies and departments in the central government’s Central Bookkeeping and draws up the final central government accounts based on this data. From 2025 onward, the State Treasury also prepares consolidated financial statements of central government finances, which include information about on-budget entities, off-budget state funds and unincorporated state enterprises. The consolidated financial statements are presented in connection with the final central government accounts and provide additional information on the big picture of central government finances.
The consolidated financial statements include the statement on returns and expenses describing income and expenses, the balance sheet showing the financial standing at the end of the financial year and the cash flow statement as well as the appendices specifying them.
This visual representation is based on the consolidated financial statements of central government finances in 2025. When using visual representations prepared by the State Treasury, the original source and the date of the version must always be listed. For example:
- © State Treasury (more precise expression of time)
- Includes / the image is based on materials of the State Treasury (more precise expression of time)
Tax revenue is the largest income item in the consolidated financial statements. The good performance of the State Pension Fund (VER) is reflected in the operating income. Expenses from payment transfers are a significant expenditure item, totalling EUR 67.7 billion. Of this, EUR 26.8 billion were used to fund the wellbeing services counties. Revenues and expenses from payment transfers do not involve a direct consideration.
In the balance sheet of consolidated financial statements, the positive equity of funds and state enterprises leads to a lower negative equity of central government finances compared to the state balance sheet. This is because the funds, in particular, have significant assets.
The net change in central government investments was EUR 4,446.8 million in 2025. The largest net increases involved securities in fixed assets and other long-term investments and structures. The most significant increases related to structures concerned railway constructions, in particular.
Inquiries:
Central government accounts, switchboard +358 295 50 2000, keskuskirjanpito@valtiokonttori.fi
