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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.

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.

29.11.2024 | The tripartite working group tasked with examining the implementation of the EU Directive on Minimum Wages in Finland has completed its work. According to the group, implementation of the Directive does not require national legislative measures. The current legislation meets the requirements of the Directive, and the conclusion of collective agreements is supported through official measures. In Finland, minimum wages are based exclusively on the collective agreement system.

3.12.2021 | EU ministers responsible for employment and social affairs will discuss the directive on adequate minimum wages as a way of combating in-work poverty. Other items on their agenda include pay transparency and gender equality in the labour market.

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.

17.11.2022 | The Government proposes amendments to the Act on Occupational Safety and Health Enforcement and Cooperation on Occupational Safety and Health at Workplaces (Act on Occupational Safety and Health). The proposal would extend the occupational safety and health (OHS) authorities’ powers concerning the enforcement of provisions on wage dumping. The OSH authorities would also have new duties concerning the notification of other authorities of problems with indoor air quality.

10.12.2020 | On 28 October 2020, the European Commission presented a proposal for a Directive on adequate minimum wages in the EU. The Government supports the proposal’s objective to combat in-work poverty, for example by improving the role of labour market organisations in wage formation and their ability to negotiate and agree wages through collective agreements.

14.12.2023 | The general increase of the protected portion left to the debtor in the attachment of wages in enforcement proceedings will be extended until further notice and an index adjustment will be made to the amount of the protected portion from the beginning of 2024. The essential living costs taken into account when calculating the debtor’s available funds in debt adjustment will also be subject to an index adjustment.

11.7.2023 | Minister of Defence Antti Häkkänen's speech at the informal meeting of NATO Defence Ministers at the Vilnius Summit Publication date 11.7.2023 21.36 Type: Speech Mr. Assistant Secretary General, colleagues. I am very pleased to join you at this me...

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...

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...

10.11.2022 | The purpose of the pay security system is to ensure that employees receive their pay and other claims arising from an employment relationship in the event of the employer’s insolvency. From 2023, victims of serious work-based exploitation will have a longer period of time to apply for pay security. In addition, the reforms on pay security will streamline the pay security process and combat the shadow economy. 

18.11.2022 | The number of immigrants in Finland continues to grow. However, their turnout in elections and participation in politics is much lower than among the native-born Finnish people. A new policy brief of the Centre of Expertise in Immigrant Integration of the Ministry of Economic Affairs and Employment presents ways to strengthen the political participation of people with a foreign background. 

20.6.2023 | In cooperation with the Ministry of Economic Affairs and Employment, the VATT Institute for Economic Research provides up-to-date information on the labour market situation of Ukrainians receiving temporary protection. The data produced by the VATT Data Room is open to everyone.

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.

12.5.2021 | The Government proposes to raise the maximum amount of pay security to EUR 19,000 from the current EUR 15,200 in order for it to better correspond with the current level of wages. The coronavirus epidemic is expected to increase solvency problems among companies, which in turn may lead to a growth in the number of employees applying for pay security and the amount of claims for it.

13.9.2022 | In 2006–2022, the Rural Village Water Resources Management Project in the Far West regions of Nepal brought clean water to more than 600,000 people. At the same time, it promoted health and food security, advanced the rights of women and minorities, and improved economic livelihoods.

20.12.2021 | The economy will grow rapidly in 2021 and 2022, although growth will be slower than was expected at the turn of the year, due to the acceleration in the COVID-19 pandemic and restrictive measures, the Ministry of Finance projects in its Economic Survey, published on 20 December.

18.12.2019 | Economic growth will slow down and set at around one per cent in the next few years according to the forecast of the Ministry of Finance in its Economic Survey, published on 18 December.

16.4.2020 | Loss of income would be compensated when a parent remains unpaid at home to care for their children during the epidemic. Loss of income would also be compensated in situations where a person has been directed to quarantine-like conditions upon return from abroad to Finland.