The Council of the European Union will adopt the recommendations for corrective measures in January when deciding to open an excessive deficit procedure.
Finland does not meet the EU’s criteria for public deficit, according to the European Commission. The Commission is considering proposing that the EU open an excessive deficit procedure for Finland.
The International Monetary Fund (IMF) estimates that Finland should consolidate general government finances by about EUR 1.5 billion annually. Consolidation should be continued until the fiscal balance is closed and debt begins to decline. The IMF published its statement on the Finnish economy on Monday 10 November.
Publications
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 Finnish economy is slowly recovering from recession. The general government debt ratio will stabilise briefly, but not permanently, at the end of the parliamentary term.
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.
