The State is selling Class B shares in Fingrid to OP Pohjola. Earlier this year, the State acquired the Class A shares in Fingrid owned by Ilmarinen. Fifty of these shares will now be converted into Class B shares. Following the arrangement, the State’s holdings in Fingrid will 59.5 per cent.
The maximum term of new housing loans will be increased to 40 years. This new legislation seeks to boost the housing market and construction. The Government has proposed that the bill be approved by the President of the Republic and enter into force on 1 June.
Economic recovery in Finland will be further delayed as a result of the crisis in the Middle East. The general government deficit will widen and remain large according to the Economic Forecast published by the Ministry of Finance on 30 April.
The General Government Fiscal Plan guides the planning of public finances. It covers central government, wellbeing services counties, municipalities, statutory earnings-related pension funds and other social security funds.
Credit rating agency S&P Global Ratings revised its outlook of Finland’s credit rating to negative and affirmed the rating as AA+. Finland’s rating is the second highest on the scale. Minister of Finance Riikka Purra was not surprised by S&P’s decision.
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State Budget 2025
The central government's appropriations in the budget proposal total EUR 88.8 billion. Revenue is estimated at EUR 76.6 billion. The budget proposal shows a deficit of EUR 12.1 billion.
The Ministry is tasked with establishing, overseeing and reforming the operating framework for public finances and public governance. Our vision is to establish a solid foundation for the economic prosperity and wellbeing of coming generations.
