Search

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.

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.

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.

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.

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.

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.

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.

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?

26.9.2023 | The energy transition is reaching new heights, according to the Kauppapolitiikka magazine. The theme of the September issue is the future of wind power.

19.9.2023 | In its first budget session, the Government of Prime Minister Petteri Orpo decided on solutions that will return Finland to a sustainable growth track. The Government will launch structural reforms to boost employment and growth, which will have positive impacts on general government finances in the next few years. In addition, the Government decided on consolidation measures.

28.8.2023 | The level of spending included in the draft budget is EUR 87.2 billion in total, with a deficit of EUR 10.1 billion.

3.9.2024 | The 2025 budget proposal of Prime Minister Orpo's Government bolsters conditions for economic growth. Economic growth driven by the private sector will also serve to secure the financing base for central government finances. The fast-acting measures to curb indebtedness that were decided on due to the difficult situation in central government finances will move forward.

19.9.2023 | In its first budget session, the Government of Prime Minister Petteri Orpo decided on solutions that will return Finland to a sustainable growth track. The Government will launch structural reforms to boost employment and growth, which will have positive impacts on general government finances in the next few years. In addition, the Government decided on consolidation measures.

15.6.2023 | Finland’s economic growth is stagnant as rising prices and interest rates reduce demand. Nevertheless, the economy is expected to pick up in the latter part of the year as household purchasing power increases. Investments related to the green transition will further boost growth. The general government deficit will increase this year, and it is not projected to narrow during the outlook period. T...

10.1.2024 | In the first phase of the national health and wellbeing programme Terveydeksi (‘To Your Health’), concrete measures will be selected based on scientific expertise. The implementation of the measures in the second phase will start in autumn 2024. 

23.3.2023 | On Thursday 23 March, the Government decided on the technical General Government Fiscal Plan for 2024–2027. The General Government Fiscal Plan covers all general government finances, including central and municipal government finances, the finances of wellbeing services counties, statutory employment pension institutions and other social security funds.

20.12.2022 | Finland’s gross domestic product began a slight decline in the autumn, and weak economic development is expected to continue over the winter according to the Economic Survey published by the Ministry of Finance on 20 December.

9.10.2023 | The Government submitted its budget proposal for 2024 to Parliament along with the related legislative proposals and the General Government Fiscal Plan, which covers 2024–2027.

23.3.2023 | On Thursday 23 March, the Government decided on the technical General Government Fiscal Plan for 2024–2027. The General Government Fiscal Plan covers all general government finances, including central and municipal government finances, the finances of wellbeing services counties, statutory employment pension institutions and other social security funds.

25.3.2024 | Clean energy is one of the main themes of Prime Minister Petteri Orpo’s government program in Finland. The energy and climate policy actions for the coming years will be outlined in a comprehensive national strategy. The key objective is to establish a predictable and economically sustainable foundation for the significant investment efforts needed to advance both climate goals and our national economy.