Ministry of Finance draft budget for 2023
Creating trust, safeguarding the future

4.8.2022 16.06
Budget2023.
Minister of Finance Annika Saarikko’s draft budget for 2023 has been drawn up amidst an uncertain economic outlook. The draft budget totals approximately EUR 79.5 billion with a deficit of around EUR 6.3 billion. Borrowing will decrease by approximately EUR 2.5 billion from the total budgeted for 2022. The proposal will be published in full at budjetti.vm.fi on Friday 5 August.

Finland ranks first in EU digital comparison

28.7.2022 14.08
Developing the Digital Transformation, the Data Economy and Public Administration.
Finland ranked first in the European Union’s digital performance comparison. The European Commission’s annual Digital Economy and Society Index (DESI) monitors the digital performance of EU Member States and tracks their progress in digitalisation. Finland has been at the top of the list for several years, ranking number two in 2021 and number one in 2019 and 2020.

Availability of sufficient personal identity codes to be ensured using new intermediate characters

8.7.2022 10.35
A man and a child are reading a book.
New intermediate characters indicating the century will be incorporated into personal identity codes starting in 2023. Existing personal identity codes will not be changed by this reform. The new intermediate characters can be used, for example, in personal identity codes issued to foreign nationals moving to Finland to work.

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)


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