The Government has submitted its budget proposal for 2018 to Parliament.
In the budget proposal, revenue is estimated at EUR 52.7 billion and the appropriations proposed amount to EUR 55.7 billion. The budget proposal shows a deficit of EUR 3.0 billion.
A summary of the contents of the proposal is presented in the Ministry’s Budget Review 2018.
President of the European Bank for Reconstruction and Development to visit Finland – view the live webcast of the seminar
The Government has agreed on its budget proposal for 2018. The economy is growing at a brisk pace. The ratio of general government debt to GDP will level off in line with the Government’s objectives during the parliamentary term. The tax rate will not rise. The Government will be nearing its targeted 72 per cent employment rate and be close to ending the reliance on debt. The measures taken are also moving Finland closer to a situation of sustainable public finances, but achievement of this aim still requires systematic implementation of the agreed reforms.
Health, social services and regional government reform to enter into force on 1 January 2020, county elections in October 2018
The Budget Review summarizes the central elements of the proposal.
Finnish GDP is forecast to grow by 2.4% in 2017, 1.6% in 2018 and 1.5% in 2019.
Outlook and challenges for Finland´s public finances
The situation in public finances and the labour market at the halfway point of the government term.
The Ministry of Finance confirms the base rate of interest twice a year.