Economy recovering in the shadow of trade disputes and uncertainty

16.6.2025 11.02
Finland’s economy is recovering from recession, but trade disputes and uncertainty are delaying faster growth. Public finances are in dire need of a turnaround, as deficits remain deep and the debt ratio is threatening to rise above 90 per cent, according to the forecast published by the Ministry of Finance on 16 June.

EU fiscal rules
Finland avoids EU excessive deficit procedure

4.6.2025 14.26
The European Commission recommends that the Council of the EU activate the national escape clause for Finland. The recommendation is based on increasing defence spending. The Commission does not recommend opening an excessive deficit procedure.

OECD recommends Finland strengthen public finances and boost sustainable economic growth

23.5.2025 10.00
The OECD sees vast potential for clean economic growth in Finland. However, structural reforms will be required to realise this potential. Among other things, the OECD recommends that Finland boost higher education, attract high-skilled immigrants and improve incentives for investments. Further adjustments to public finances are necessary due to rising defence spending.

A trade war poses a threat to Finland’s economic recovery and its already fragile general government finances 

30.4.2025 11.02
The Finnish economy is expected to grow, but the trade war may substantially slow down growth. In its forecast published on 30 April, the Ministry of Finance warns that general government finances remain weak, and that Finland has few buffers to reduce the impacts of a trade war.

Government decides on General Government Fiscal Plan for 2026–2029

30.4.2025 13.34
General government fiscal plan.
The General Government Fiscal Plan guides the planning public finances. It covers central government, wellbeing services counties, municipalities, statutory earnings-related pension funds and other social security funds.

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.

State Budget 2025

Economic Survey, summer 2025

Finland’s economy is recovering from recession, but trade disputes and uncertainty are delaying faster growth.

Economic Survey, Summer 2025

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

Latest news

Government launches parliamentary debate on debt brake

Type:Press release Publication date:18.6.2025 18.25

Economy recovering in the shadow of trade disputes and uncertainty

Type:Press release Publication date:16.6.2025 11.02

Base rate is set to 2.25 per cent

Type:Press release Publication date:6.6.2025 12.13

Finland avoids EU excessive deficit procedure

Type:Press release Publication date:4.6.2025 14.26
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
Sakari Puisto
Sakari Puisto
Minister of Economic Affairs