Sustainable Growth Programme for Finland
Finland submits updated recovery plan to the European Union

On Thursday 26 January, the Government approved Finland’s updated Recovery and Resilience Plan.

The Recovery and Resilience Plan is part of the Sustainable Growth Programme for Finland, which will boost reforms and investments. The financing for the Plan comes from the EU Recovery and Resilience Facility (RRF).

Last June, the European Commission updated information on how much aid Member States can receive from the Facility. Finland’s share of the financial aid decreased because the Finnish economy had recovered better than expected.

The Ministerial Working Group on Sustainable Growth in Finland outlined in June how Finland's Recovery and Resilience Plan will be updated to reflect this change. Finland then negotiated on technical changes with the European Commission.

The Government approved Finland’s proposal for the updated Plan on 26 January, and the Ministry of Finance delivered it to the EU. The European Commission will assess the updates and the Council of the European Union will then approve them.

Inquiries:

Elisa Aaltonen, Financial Specialist, tel. +358 295 530 255, elisa.aaltonen(at)gov.fi

Laura Vartia, Senior Ministerial Adviser, tel. +358 295 530 228, laura.vartia(at)gov.fi