251436
251436
Decrease in household borrowing
statistikk
2016-06-20T10:00:00.000Z
National accounts and business cycles
en
finsek, Financial accounts, financial investments, households and non-profit organisations, general government, abroad, balance sheets, FINSEFinancial accounts , National accounts and business cycles
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Financial accountsQ1 2016

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Decrease in household borrowing

Household borrowing fell for the third successive quarter in the first quarter of 2016.

Financial accounts for households. Key figures. Million NOK and percentage
1st quarter 20152nd quarter 20153rd quarter 20154th quarter 20151st quarter 2016
1Seasonal adjusted
Assets3 809 6013 892 7713 877 2253 954 1573 983 583
Liabilities2 956 3573 031 3803 049 0203 113 4783 125 903
Net financial assets853 244861 391828 205840 679857 680
 
Net lending13 418-7 225-29 7095813 085
Other changes27 51915 372-3 47712 4163 916
 
Debt to income ratio1228.2229.2230.3231.4232.2
Debt growth (per cent)16.46.56.35.95.7

The financial account shows that net lending in the last four-quarter period for the household sector fell from NOK -23 billion in the fourth quarter of 2015 to NOK -24 billion in the fourth quarter of 2016. Household borrowing (loans) decreased and amounted to NOK 162 billion in the last four-quarter period, compared to NOK 166 billion in the previous period. This is the lowest household borrowing since the first quarter of 2012. Smaller investments in mutual fund shares and insurance technical reserves contributed to the decrease in net lending.

General government’s net financial assets amounted to NOK 8 439 billion at the end of the first quarter of 2016 compared to NOK 8 867 billion at the end of 2015. General government net lending in the last four-quarter period amounted to NOK 204 billion in 2015 compared to NOK 183 billion in the previous period.

Accrued but not paid interest on long-term debt securities are for the first time included in the central government long-term debt securities. This has caused some revisions in these asset relationships between the central government and the counterpart sectors. The revisions go back to the first quarter of 2012.