Budget
Timeline of budget preparation for 2023

28.6.2022 11.30

Timetable for the preparation of the budget proposal:

  • Wednesday 3 to Thursday 4 August: Budget session at the Ministry of Finance
  • Friday 5 August: The Ministry of Finance will submit its proposal to the Ministries and publish it at budjetti.vm.fi (in Finnish)
  • Wednesday 31 August to Thursday 1 September: Government negotiations on the Budget
  • Monday 19 September: A debate of the Budget proposal will be held at an extraordinary Ministerial Finance Committee meeting and a government plenary session and the publication at budjetti.vm.fi (in Finnish)

Sustainable Growth Programme for Finland
Finland will update its Recovery and Resilience Plan

30.6.2022 12.37
Sustainable Growth Programme for Finland.
Finland's share of funding from the EU's Recovery and Resilience Facility will decrease to EUR 1.8 billion at current prices, because Finland’s economy has developed better than forecast. Finland will receive a total of EUR 2.6 billion at current prices from the programmes in the EU's recovery plan (NextGenerationEU). The Ministerial Working Group on Sustainable Growth in Finland has outlined how Finland's Recovery and Resilience Plan will be updated to reflect this change.

Outlook for economic growth remains subdued

16.6.2022 14.02

Accelerating inflation is slowing economic growth. Finland’s gross domestic product will grow by 1.4% this year.

Outlook for economic growth remains subdued (press release 17.6.)
Economic Survey, Summer 2022
Press conference presentation material (in Finnish)
Recording of the press conference
Photos from the press conference (material bank)


Ministerial working groups
Authorities seek to secure daily payments in case of serious disruptions

16.6.2022 14.30
Ministerial Working Group on Preparedness.
The authorities are creating backup arrangements to secure daily payments in the event that serious disruptions of society or emergency conditions would prevent the use of normal payment systems. The Ministerial Working Group on Preparedness decided to implement backup arrangements.

Government proposal
Limitations on loans to housing companies aim to curb household indebtedness

16.6.2022 13.54
In future, new housing loans would have to be repaid in a maximum of 30 years. The Government is also proposing limitations on loans to housing companies.

Publications

Budget Review 2022

The Budget Review summarizes the central elements of the Government's budget proposal for 2022.

Budget Review 2022

Economic Survey, Summer 2022

The Finnish economy will grow by 1,4 per cent in 2022, 1,1 per cent in 2023 and 1,3 per cent in 2024.

Economic Survey, Summer 2022

Europe 2020 Strategy

The tenth National Reform Programme describes the measures that the Government has initiated to achieve the national targets.

Europe 2020 Strategy

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

Annika Saarikko
Annika Saarikko
Minister of Finance
Sirpa Paatero
Sirpa Paatero
Minister of Local Government