Finland’s economic growth will remain subdued, predicts Ministry of Finance

15.9.2016 13.30
Finland’s economic growth will remain subdued, predicts Ministry of Finance
The Finnish economy will grow by 1.1% this year. In the following years, economic growth will also be around 1%.

Government agrees 2017 Budget – main focus on employment and entrepreneurship

1.9.2016 20.20
Government agrees 2017 Budget – main focus on employment and entrepreneurship

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. 

Report: Big differences in adminstrative structures in different European countries

20.9.2016 12.16
Report: Big differences in adminstrative structures in different European countries

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.

Press Release

Health and social services solution will not raise the tax ratio

30.6.2016 13.06
Health and social services solution will not raise the tax ratio
Health, social services and regional government reform will not increase the taxation of work nor raise the total tax ratio. Following the reform, taxpayers will pay less municipal income tax and more state tax than at present. According to the current estimate, the tax percentage of all municipalities will be reduced by 12.3 percentage points.

Working group wishes to clarify bondholder representatives' operating rights

1.7.2016 12.17
Working group wishes to clarify bondholder representatives' operating rights
Expert working group proposes light regulation of the activities of bondholder representatives. Aims of new legislation would include enhancing legal certainty and improving the functioning of bond markets.
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See also

Publications

Budget Review

Budget Review

The Budget Review summarizes the central elements of the proposal.

Budget Review 2017

Economic Survey

Economic Survey

The Finnish economy will grow by 1.1% this year. In the following years, economic growth will also be around 1%. Although the price competitiveness of production will improve and unemployment will gradually fall, GDP growth will be very slow and general government finances will remain significantly in deficit.

Economic Survey, Autumn 2016

The economic effects of the sanctions

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.

Report