The Government has reached agreement on the content of the 2017 budget proposal. It is proposed that EUR 55.2 billion be allocated for the budget proposal, which is 0.3 billion more than in 2016. The revenue from on-budget entities excluding net borrowing is estimated at EUR 49.7 billion in 2017 and tax revenue at EUR 41.6 billion.
Employment and entrepreneurship were at the core of the government budget session. The proposal will be published in September following its full consideration by the Government.
A study published on Tuesday 20 September shows that Finland is closely linked to the administrative culture that prevails in the Nordic countries. At the same time, though, Finland differs from the Nordic countries in some respects. In Finland, instituting changes in the structure of state adminstration is more complicated than in the rest of the Nordic countries.
State agencies in Finland and Sweden are more autonomous relative to the ministry under whose mandate they operate than is the case in Denmark and Norway. As in Finland, the range of organisational structures of the agencies in the countries studied was wide. Agencies are set up at different times for different purposes.
The Ministry of Finance confirms the base rate of interest twice a year.