Government submits supplementary budget proposal to Parliament

21.3.2024 13.38
Kuvassa lukee lisätalousarvio
On Thursday 21 March, the Government submitted a supplementary budget proposal for 2024 to Parliament. The proposal includes appropriations for speeding up the construction of the fence on the eastern border, introducing targeted measures to alleviate the situation in the construction sector and providing additional support to Ukraine. In addition, it proposes reducing revenue estimates by EUR 1.3 billion based on the forecast published by the Ministry of Finance in December 2023.

Finland and the United States intensify their cooperation on cybersecurity

15.3.2024 14.20
The Memorandum of Understanding (MoU) will facilitate exchange of information on cybersecurity between the Finnish Ministry of Finance and the US Treasury Department.

Minister of Finance Riikka Purra:
EU must reduce errors in budget implementation

12.3.2024 14.51
Valtiovarainministeri Riikka Purra neuvoston kokouksessa.
On Tuesday 12 March, the EU’s Economic and Financial Affairs Council decided to recommend that the European Parliament grant discharge to the Commission in respect of the implementation of the general budget of the European Union for the financial year 2022. Finland voted against the recommendation together with four other Member States.

Ministry of Finance updates the government debt management strategy

8.3.2024 9.19
The aim of updating the strategy is to reduce debt management risks and simplify operations.

Currency hedging measures limit currency risk associated with Finland’s F-35 procurement

5.3.2024 9.57
Photo: The Finnish Defence Forces
The State Treasury has used currency hedging in the purchase of F-35 fighter jets by the Finnish Defence Forces. The foreign currency forward contracts concluded on behalf of the state aim to limit currency risk associated with the investment. These contracts fix the price of the currency in advance, providing predictability and financial security for the investment.

Publications

State Budget 2024

The central government's appropriations in the budget proposal total EUR 87.9 billion. Revenue is estimated at EUR 76.3 billion. The budget proposal shows a deficit of EUR 11.5 billion.

State Budget 2024

Economic Survey, Winter 2023

The Finnish economy will contract this year by 0.5 per cent. It is expected to grow 0.7 per cent in 2024 and 2.0 per cent in 2025.

Economic Survey, Winter 2023

Expenditure and structural survey

This expenditure and structural review is intended to help identify the purposes for which public funds are currently being used.

Expenditure and structural survey

Ministry of Finance

Ministry of Finance

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.

Learn more about the Ministry

Administrative branch

Administrative branch

The Ministry of Finance's administrative branch employs over 12,000 people, most of whom work for the tax and customs administrations.

The Ministry of Finance's administrative branch

Ministers

Riikka Purra
Riikka Purra
Minister of Finance
Anna-Kaisa Ikonen
Anna-Kaisa Ikonen
Minister of Local and Regional Government
Wille Rydman
Wille Rydman
Minister of Economic Affairs