Forecast for the public finances

Now there are indications that the global economy is beginning to stabilise. The situation in the financial markets has stabilised, improving opportunities for households and businesses to obtain loans. This reduces the risk of further negative repercussions on the economy and public finances. The general government sector finances are expected to be stronger than forecast in the 2009 Spring Fiscal Policy Bill. General government net lending is estimated at -2.2 per cent as a share of GDP this year and -3.4 per cent in 2010.

Net lending as a per cent of GDP

	Outcome 2008	2009	2010	2011	2012
Central government	1.4	-2.1	-3.5	-2.1	-0.9
Local government	0.1	-0.3	0.0	0.0	-0.1
Old-age pension system	1.0	0.2	0.1	0.0	-0.1
Total general government sector	2.5	-2.2	-3.4	-2.1	-1.1