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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.

The Budget The Budget is an annual plan for central government finances and financial administration. It outlines the central government’s expenditure and revenue for the coming year, along with decisions on the amount of debt to be taken to cover...

12.12.2025 | The Council of the European Union will adopt the recommendations for corrective measures in January when deciding to open an excessive deficit procedure.

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.

25.11.2025 | Finland does not meet the EU’s criteria for public deficit, according to the European Commission. The Commission is considering proposing that the EU open an excessive deficit procedure for Finland.

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.

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.

4.6.2025 | The European Commission recommends that the Council of the EU activate the national escape clause for Finland. The recommendation is based on increasing defence spending. The Commission does not recommend opening an excessive deficit procedure.

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.

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

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.

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.

6.8.2025 | The Ministry of Finance's draft budget for 2026 implements the guidelines of the Government’s spring mid-term policy review and includes the Minister of Finance's new adjustment measures proposed by the Minister of Finance to ensure that the debt ratio stabilises towards the end of the parliamentary term. The draft budget totals EUR 89.6 billion and involves a deficit of EUR 9.9 billion. When enter...

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.

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.

23.9.2024 | The economy has begun to recover from the recession, and growth will pick up next year. General government finances will, however, remain in deficit and debt will accumulate further, according to the forecast published by the Ministry of Finance on 23 September.

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.

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.

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.

17.6.2024 | The economic recession is receding, and growth is gradually resuming. General government finances will, however, remain in deficit and debt will accumulate further, according to the forecast published by the Ministry of Finance on 17 June.

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.