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31.3.2022 | An aid scheme is proposed for electricity-intensive industries to compensate for the indirect costs of emissions trading on the price of electricity. The Government submitted a proposal on this to Parliament on 31 March 2022. The act is scheduled to enter into force in summer 2022.

26.4.2023 | In future, the state will need to play a more active role in steering the economy. According to a study published on 26 April, short-term shocks, such as the COVID-19 pandemic and the war in Ukraine, have required the active involvement of states to ensure the sustainability of their economies and societies.

29.4.2021 | In its mid-term policy review, the Government published a sustainability roadmap that describes the current state of social, economic and ecological sustainability in Finland and sets goals for 2030. The roadmap gives specific form to the Government Programme’s goal of a socially, economically and ecologically sustainable society.

30.4.2021 | On 29 April the Finnish Government decided its policy positions for the remainder of its term and the General Government Fiscal Plan for 2022-2025, resolving to increase spending limits and reallocate outlays.

26.11.2024 | Minister of Finance Riikka Purra is pleased that the European Commission does not intend to propose opening an excessive deficit procedure for Finland.

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.

5.8.2022 | For the 2023 budget proposal, the Ministry of Education and Culture proposes an appropriation of EUR 7.6 billion for its branch of government, which is EUR 175 million more than in the 2022 Budget.

20.5.2025 | The Ministerial Committee on Economic Policy decided on 20 May 2025 to fully finance flight connections between six regional airports and Helsinki up to 27 February 2028. Air connections to the city of Savonlinna, however, will be funded out of government funds up to 50 per cent only. The decision is based on the spring 2026 government discussion on spending limits.

4.7.2025 | In its meeting on Friday 4 July, the Ministerial Committee on European Union Affairs outlined Finland’s positions on the Commission’s proposal to simplify regulation for businesses and received an update on the preparation of a plan for affordable housing in the EU.

1.4.2025 | Finland will raise national defence spending to at least three percent of GDP by 2029. The aim was proposed by Minister of Defence Antti Häkkänen and endorsed by the Ministerial Committee on Economic Policy on Tuesday.

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.

1.2.2024 | The Natural Resources Institute Finland (Luke) will replace the experimental cowshed in Minkiö, Jokioinen with a new one. The planning of the project and competitive tendering and planning the implementation of the construction work will be carried out during 2024. The construction of the new cowshed will take place in 2025 and the aim is to take it into use by the end of the year. 

29.4.2021 | “The decisions we have taken in the mid-term policy review session to support the renewal of industry, domestic ownership and investments, as well as research, development and innovation activities will help Finland rise from the coronavirus crisis,” says Minister of Economic Affairs Mika Lintilä.

23.3.2023 | Considerable increases are proposed to appropriations in the administrative branch of the Ministry of the Interior in the technical spending limits presented in the new General Government Fiscal Plan 2024–2027. The appropriation level of the Ministry of the Interior will be c. EUR 2.4 billion at the beginning of the spending limits period, decreasing to c. EUR 1.9 billion in 2027. This represents an increase of EUR 179 to 547 million per year compared to the previous spending limits decision. 

24.11.2023 | The first National Transport System Plan, Transport 12, covers the years 2021 to 2032. The Minis-try of Transport and Communications monitors the progress of the measures included in the Transport 12 plan on an annual basis. The second summary report on this was published on 23 November 2023.

25.4.2024 | Finland’s economy will recover from recession, but public finances will remain in deficit. Finland’s debt ratio will continue to grow, but more slowly, according to the Economic Forecast published by the Ministry of Finance on 25 April.

29.4.2021 | The Government is committed to a long-term approach in its work to raise the employment rate through decisions that will bring an estimated 80,000 new jobs.

20.9.2023 | The Government has agreed on the 2024 budget proposal and the second supplementary budget proposal for 2023. The Government agreed to make rapid progress on transport investments. The Government also decided to continue support for regional air services.

11.12.2023 | A project at the Finnish Institute for Health and Welfare (THL) is working on a proposal for a well-being economy steering model for Finland that would strengthen wellbeing-oriented policymaking in Finland. A workshop, organized by THL and the OECD WISE Centre on 21–22 November 2023, brought together officials from pioneering countries to discuss the functionality and application of governance practices for a well-being framework.

4.8.2022 | Minister of Finance Annika Saarikko’s draft budget for 2023 has been drawn up amidst an uncertain economic outlook. The draft budget totals approximately EUR 79.5 billion with a deficit of around EUR 6.3 billion. Borrowing will decrease by approximately EUR 2.5 billion from the total budgeted for 2022. The proposal will be published in full at budjetti.vm.fi on Friday 5 August.