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.
The annual meeting of Nordic and Baltic ministers for Digitalisation adopted a declaration promoting the adoption of European Digital Identity Wallets. The long-term ambition is to create an open and interoperable Nordic region.
Finland has been working with the OECD to find the best ways to develop internal control, risk management and internal audit. This work is a response the ongoing evolution of the operating environment.
Finland’s Minister of Finance Riikka Purra confirmed Finland’s strong support for Ukraine at meetings in Washington DC last week. Finland will participate in NATO’s Prioritised Ukraine Requirements List (PURL) and endorse the using of frozen Russian assets to support Ukraine. According to Purra, Finland must respond to Russia’s escalating aggression against Ukraine, in particular its deliberate targeting of Ukrainian civilians.
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.
