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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...https://valtioneuvosto.fi/en/-/10623/finland-s-economy-will-turn-to-growth-after-the-recession
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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.https://valtioneuvosto.fi/en/-/10623/ministry-of-finance-s-budget-proposition-2024
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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.https://valtioneuvosto.fi/en/-/1271139/wellbeing-services-counties-make-decisions-for-the-future-people-s-wellbeing-as-a-significant-economic-solution
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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.https://valtioneuvosto.fi/en/-/10616/orpo-s-government-decisions-aim-to-prevent-public-finances-from-spinning-out-of-control