Budget proposal for 2018 submitted to Parliament

19.9.2017 12.05
Budget proposal for 2018 submitted to Parliament

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. 

Budget proposal 2018 (in Finnish)
Budget review 2018

Economic Survey published on 19 September

18.9.2017 16.13
Economic Survey published on 19 September

The Economic Survey focuses on the economic outlook and on economic policy and public finances.

Economic Surveys, Autumn 2017
Press release: Finnish economy in a phase of rapid growth (19.9.)

 

 

President of the European Bank for Reconstruction and Development to visit Finland – view the live webcast of the seminar

13.9.2017 8.46
President of the European Bank for Reconstruction and Development to visit Finland – view the live webcast of the seminar
Photo: EBRD
On Monday 2 October, Minister of Finance Petteri Orpo will meet Sir Suma Chakrabarti, the President of the European Bank for Reconstruction and Development EBRD. In Helsinki the EBRD President will also attend a seminar of economic transition, which can be viewed live on the internet.

A budget focusing on employment, caring, skills and security

30.8.2017 20.34
A budget focusing on employment, caring, skills and security

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.

Photos of the government session

Timeline of budget preparation for 2018

20.7.2017 15.30
Timeline of budget preparation for 2018
The preparation of the Budget for 2018 will begin on 8–9 August with a budget session at the Ministry of Finance. The Government proposal for the 2018 Budget will be published on 19 September.

Health, social services and regional government reform to enter into force on 1 January 2020, county elections in October 2018

5.7.2017 14.15
Health, social services and regional government reform to enter into force on 1 January 2020, county elections in October 2018
As a result of its discussions on 5 July 2017, the Government decided to continue the health, social services and regional government reform so that the reform will enter into force on 1 January 2020. County elections will be held in October 2018.

Publications

Budget Review

Budget Review

The Budget Review summarizes the central elements of the proposal.

Budget Review 2017

Economic Survey

Economic Survey

Finnish GDP is forecast to grow by 2.4% in 2017, 1.6% in 2018 and 1.5% in 2019.

Economic Survey, Summer 2017

Outlook and challenges for Finland´s public finances

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.

Outlook and challenges for Finland´s public finances