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31.1.2025 | In Finland, there is broad recognition of the important role that nuclear energy will also play in the future. There is a willingness to build new capacity, yet the profitability of investments has clearly weakened over the years. What different means could be considered to advance nuclear energy?

23.3.2023 | The Finnish economy will return to growth at the end of the year following a mild recession, barring new surprises. However, the general government deficit will grow as rising prices begin to be reflected in general government expenditure according to the economic survey published by the Ministry of Finance on 23 March.

25.8.2023 | The proposal of the Ministry of Finance for the 2024 budget and spending limits for 2024–2027 ensures implementation of the policies in the Government Programme. The budget proposal totals EUR 87.2 billion, and a deficit of EUR 10.1 billion is proposed. The budget total is EUR 3.7 billion higher than the total budgeted for 2023, including the first supplementary budget. The budget proposal will be published in full at budjetti.vm.fi on Monday 28 August.

24.10.2024 | The European Union has a challenging starting point for the next five years. Although the energy crisis has largely been overcome, geopolitical uncertainty continues and strong investments in military and civilian security are necessary. The political situation in many Member States is unstable, including Germany and France.

9.10.2023 | Rising prices and interest rates have reduced household consumption and investments, which will push Finland’s economy into recession in the latter part of the year. Household purchasing power is expected to improve next year, which will increase consumption and boost economic growth. General government finances will deteriorate from this year on, and the general government deficit will be 3 per cent, or more, during 2024–2026.

28.8.2023 | The Ministry of Finance's proposal for the central government spending limits decision for 2024–2027 was published on 28 August based on the current state of preparation.

25.6.2024 | Europe is facing strong economic headwinds. With vulnerable supply chains, high energy costs, and substantial investments needed to reach net-zero, the EU has reached a point where we cannot afford to ignore our competitiveness problems.

16.4.2024 | Prime Minister Petteri Orpo’s Government has agreed on the General Government Fiscal Plan for 2025–2028. The Government has made decisions that will improve the sustainability of public finances and create conditions for reversing the trend in indebtedness. The decisions aim to safeguard the key factors for future prosperity: employment, security, and knowledge and competence. Fairness has been one of the guiding principles of the decisions.

16.4.2024 | Prime Minister Petteri Orpo’s Government has agreed on the General Government Fiscal Plan for 2025–2028. The Government has made decisions that will improve the sustainability of public finances and create conditions for reversing the trend in indebtedness. The decisions aim to safeguard the key factors for future prosperity: employment, security, and knowledge and competence. Fairness has been one of the guiding principles of the decisions.

10.10.2024 | In the plan, Finland commits to complying with a net expenditure path (i.e. a maximum permitted growth rate for net expenditure) for the next four years. The net expenditure path is compatible with the adjustment measures outlined in the Government Programme and General Government Fiscal Plan.

23.9.2024 | The Government has submitted its proposal for the 2025 Budget and related legislative proposals to Parliament. In the 2025 Budget, central government expenditure amounts to EUR 88.8 billion and revenue to EUR 76.6 billion, with a deficit of EUR 12.1 billion.

27.6.2024 | Emissions from energy production are decreasing substantially but further actions will be needed to reach the national targets and meet the obligations set at the EU level. In particular, further actions will be needed in the land use and effort sharing sectors.

8.11.2024 | The International Monetary Fund (IMF) recommends further adjustments to public finances and continued structural reforms for Finland. The IMF published its statement on the Finnish economy on Friday 8 November.

9.8.2024 | The level of spending included in the draft budget is EUR 88.1 billion in total with a deficit of EUR 12.2 billion.

9.4.2025 | Prime Minister Orpo’s Government has set an objective of adjusting public sector activities to ensure that the national economy is on a sustainable footing. At the moment, it looks like it will be difficult to achieve this objective over the next few years though. The decision-makers in the wellbeing services counties are in a key role here. Reaching fiscal balance in general government finances is essential.

4.12.2024 | Finland must improve the competitiveness of its investment environment with the help of predictable regulation and sufficient incentives. Companies must increase their intangible investments to enhance the value added and productivity. Public funding must be used more efficiently to boost new sectors and diversify the economic structure.

19.12.2024 | The Ministry of the Interior has issued decrees on fees charged by the police and the Finnish Security and Intelligence Service. The decrees will enter into force on 1 January 2025.

19.12.2023 | Due to a decline in investments and household consumption, Finland’s economy is in recession in 2023. Next year, slowing inflation and a downward turn in interest rates, combined with moderately strong development of household incomes, will turn GDP to growth. Weak economic development combined with rapid expenditure growth will keep general government persistently in deficit. The general governm...

25.4.2024 | The General Government Fiscal Plan covers central government, wellbeing services counties, municipalities, and statutory earnings-related pension funds and other social security funds.

13.3.2025 | The Ministry of Economic Affairs and Employment has adopted the financial statement of the National Nuclear Waste Management Fund for 2024 and decided on the recognition of the profit of the Fund as revenue. The Fund consists of two separate funds, the Financial Provision Fund and the Research Fund for Nuclear Energy Expertise.

23.5.2025 | The OECD sees vast potential for clean economic growth in Finland. However, structural reforms will be required to realise this potential. Among other things, the OECD recommends that Finland boost higher education, attract high-skilled immigrants and improve incentives for investments. Further adjustments to public finances are necessary due to rising defence spending.

21.5.2024 | In its meeting on Tuesday 21 May, the Government agreed on the second supplementary budget proposal for the current year. The proposal supports the Government’s objective of keeping the general government deficit under 3.5 per cent of GDP in 2024.

30.4.2025 | The General Government Fiscal Plan guides the planning public finances. It covers central government, wellbeing services counties, municipalities, statutory earnings-related pension funds and other social security funds.

19.12.2024 | Finland’s economy has returned to growth this year, and growth is expected to accelerate next year, according to the forecast published by the Ministry of Finance on 19 December.

8.8.2024 | The Ministry of Finance’s draft budget for 2025 implements the Government’s policies to strengthen general government finances. The draft budget totals EUR 88.1 billion and shows a deficit of EUR 12.2 billion.

25.3.2025 | The first issue of the Kauppapolitiikka magazine in 2025 delves deep into current events in international trade and politics. Why is the world economy buzzing, and who wins most when geopolitics change?

23.4.2025 | Prime Minister Petteri Orpo’s Government has agreed on the General Government Fiscal Plan for 2026–2029. The decisions focus on reinforcing the conditions for economic growth and enhancing the security of Finland and the Finnish people. At the same time, the Government will ensure that public finances are sustainable. The growth package will be financed responsibly through measures to increase general government revenue and reduce expenditure.

30.4.2025 | Finland is requesting that the EU activate the national escape clause in the EU’s fiscal policy rules in order to increase defence spending. The majority of EU Member States are likely to request activation of the escape clause.

2.9.2025 | The Government of Prime Minister Petteri Orpo has reached a decision on its budget proposal for 2026. The Government’s decisions aim to support economic growth, which is picking up. Supporting economic growth and continuing responsible fiscal management is necessary to ensure the security of people in Finland and safeguard their access to important services going forward.

26.7.2025 | On Friday 25 July, the Fitch credit rating agency lowered the rating of Finland’s central government debt by one grade from AA+ to AA. Finland’s outlook is now rated as stable.

31.12.2025 | Fellow citizens, The darkest part of winter is now behind us – every day is a little bit longer than the last. Winter storm Hannes, which raged through Finland, has now subsided. I would like to thank the authorities and everyone else who has worked hard to repair the damage caused by the storm. We can be proud of the way Finland comes together in these situations.

10.11.2025 | The International Monetary Fund (IMF) estimates that Finland should consolidate general government finances by about EUR 1.5 billion annually. Consolidation should be continued until the fiscal balance is closed and debt begins to decline. The IMF published its statement on the Finnish economy on Monday 10 November.

16.6.2025 | Finland’s economy is recovering from recession, but trade disputes and uncertainty are delaying faster growth. Public finances are in dire need of a turnaround, as deficits remain deep and the debt ratio is threatening to rise above 90 per cent, according to the forecast published by the Ministry of Finance on 16 June.

30.4.2025 | The Finnish economy is expected to grow, but the trade war may substantially slow down growth. In its forecast published on 30 April, the Ministry of Finance warns that general government finances remain weak, and that Finland has few buffers to reduce the impacts of a trade war.

4.12.2025 | Finland is on the path to achieving the emission reduction targets for the effort-sharing sector for the period 2021–2030, set jointly in the EU. On 4 December 2025, the Government gave a Report to Parliament on the Medium-Term Climate Plan that sets out the measures to boost emission reductions.

20.11.2025 | On Thursday 20 November, the Government submitted its proposal to Parliament to amend the budget proposal for 2026. It includes proposals to launch new transport projects and to support Ukraine. The proposal will decrease the revenue estimate by EUR 189 million and increase the requirement for appropriations by EUR 455 million.

17.12.2025 | Finland will participate in the 17th replenishment of the African Development Fund (AfDF-17) to support sustainable economic growth in the poorest countries on the continent. The objective of the African Development Fund (AfDF) is to reduce poverty by promoting the economic and social development of African countries. Finland is also involved in supporting Africa’s debt sustainability.

8.8.2025 | The draft budget includes new adjustment measures by Minister of Finance Riikka Purra. The overall spending included in the draft budget is EUR 89.6 billion in total. The draft budget shows a deficit of EUR 9.9 billion, when excluding a one-off revenue entry item from the National Housing Fund.

19.1.2026 | The International Monetary Fund (IMF) published its annual report on the Finnish economy on Monday 19 January. According to the IMF, efforts to strengthen public finances will have to continue for several years.

25.3.2026 | A study describing the alternatives and costs of nuclear energy promotion as well as its effects on the electricity market has been published. The report commissioned by the Ministry of Economic Affairs and Employment and produced by AFRY Management Consulting Oy was submitted to Minister of Climate and the Environment Sari Multala on 25 March 2026.

10.12.2025 | The wellbeing services county reform is progressing towards the set objectives throughout Finland, but there are still many issues left to address. This is according to a broad-based interim evaluation of the wellbeing services county reform made by an independent expert group.

22.9.2025 | The Finnish economy is slowly recovering from recession, with weak employment and economic uncertainty keeping households cautious. The general government debt ratio will stabilise briefly, but not permanently, at the end of the parliamentary term, estimates the Ministry of Finance in its forecast published on 22 September.

18.2.2026 | According to a report by the Ministry of Social Affairs and Health, the gap between wellbeing services counties’ operations and finances widened in 2025. This trend is also expected to continue in the coming years. The underlying reasons include population ageing, an increase in service needs and uneven regional migration.

12.12.2025 | Moody’s announced that Finland’s ratings are still at the second highest level, Aa1, and Finland's outlook is stable.

22.9.2025 | The Government has submitted its proposal for the 2026 Budget and related legislative proposals to Parliament.

10.3.2026 | The Ministry of Economic Affairs and Employment has adopted the financial statement of the National Nuclear Waste Management Fund for 2025 and decided on the recognition of the profit of the Fund as revenue. The Fund consists of two separate assets, the Financial Provision Fund and the Research Fund for Nuclear Waste and Nuclear Safety Research, which focuses on expertise in the nuclear energy use.

13.11.2025 |  

5.12.2025 | In its meeting on Friday 5 December, the Ministerial Committee on European Union Affairs discussed the European Commission’s proposal for the EU’s next multiannual financial framework and the agendas for four upcoming council meetings.

20.4.2026 | The Government has submitted a Europe communication to Parliament concerning the European Affordable Housing Plan published by the European Commission on 16 December 2025. The Europe communication describes the main content of the plan and presents Finland’s opinion regarding it. Finland recognises the importance of a well-functioning housing market but points out that challenges related to housing vary a great deal between Member States.

5.2.2026 | On Thursday 5 February, the Government submitted a supplementary budget proposal for 2026 to Parliament. The supplementary budget focuses on boosting growth and investments with the goal of supporting employment. The proposal also includes a decrease to revenue estimates.

18.12.2025 | Finland’s economic recovery has been weaker than expected this year. The general government deficit is wide, and the debt ratio will continue to grow, estimates the Ministry of Finance in its economic forecast published on 18 December.

30.4.2026 | The General Government Fiscal Plan guides the planning of public finances. It covers central government, wellbeing services counties, municipalities, statutory earnings-related pension funds and other social security funds.

12.5.2026 | EU ministers responsible for housing convene at an informal meeting in Cyprus on 11–12 May 2026. State Secretary Mika Nykänen represents Finland at the meeting.

16.1.2026 | In its meeting on 16 January, the Ministerial Committee on European Union Affairs outlined Finland’s positions on the Commission’s proposal for an amendment to the Market Stability Reserve Decision. The proposal aims to curb fluctuations in emission allowance prices when the new emissions trading system for road transport and buildings is launched in 2028.

30.4.2026 | Economic recovery in Finland will be further delayed as a result of the crisis in the Middle East. The general government deficit will widen and remain large according to the Economic Forecast published by the Ministry of Finance on 30 April.

6.8.2026 | The total level of spending included in the draft budget is EUR 92.2 billion with a deficit of EUR 12.9 billion.

16.6.2026 | The Finnish economy is gradually recovering but is overshadowed by the crisis in the Middle East, higher energy prices and an uncertain economic outlook. Economic growth is boosting general government revenues, but the deficit remains wide according to the Ministry of Finance's economic forecast published on 16 June.

4.8.2026 | The draft national budget of the Minister of Finance for 2027 will implement policies agreed in the spring spending limits session. The budget proposal totals EUR 92.2 billion, envisioning a deficit of EUR 12.9 billion.

3.6.2026 | The Government submitted its second supplementary budget proposal for 2026 to Parliament on 3 June. The supplementary budget includes employment measures outlined in the spending limits session and investments in counter-drone capabilities and defence more broadly. The proposal also includes an increase to revenue estimates.

22.4.2026 | Prime Minister Petteri Orpo’s Government has agreed on the General Government Fiscal Plan for 2027–2030. Both the global economy and Finland’s finances are facing challenges. In its spending limits session, the Government focused on new targeted measures to strengthen people’s confidence in the future and improve the conditions for growth and employment.