Costs of securities custody are expected to decrease as custody becomes open to competition. Transparency of security holdings will remain at the current level in Finland as banks are building up a real-time data collection system. The reform will link Finland even more effectively to the European capital markets and encourage related actors to stay in Finland.
The Government has published the budget proposal 2016 and the general government fiscal plan for 2016 - 2019.
In the budget proposal, revenue is estimated at EUR 49.1 billion and appropriations are to amount to EUR 54.1 billion. The budget proposal is EUR 5.0 billion in deficit.
In its general government fiscal plan, the Government sets the nominal objectives concerning the budgetary position of public finances and its sub-sectors for the ongoing parliamentary term. The general government fiscal plan includes the central government spending limits which provide a binding four-year framework for the entire parliamentary term. At the same time, it constitutes Finland's stability programme and meets the EU requirement for medium-term budget planning.
Budget proposal 2016 (in Finnish)
The general government fiscal plan for 2016–2019 (in Finnish)
1.7.–31.12.2015. The Ministry of Finance confirms the base rate of interest twice a year.
The Budget Review summarizes the central elements of the proposal.
The Finnish economy is in a serious situation. GDP growth is close to zero.
The economic effects of the sanctions
A working group assessed the economic effects of the EU’s Russia sanctions and Russia’s counter sanctions by the time of the budget session.