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.
On Friday 10 October, the Government submitted its third supplementary budget proposal for 2025 to Parliament. Among other things, the proposal sets aside an appropriation for investments in the preparedness of the Finnish Defence Forces’ healthcare services for emergency conditions and updates the tax revenue estimates to correspond to the latest forecast.
Finland believes it has achieved further milestones in its Recovery and Resilience Plan (RRP). The Ministry of Finance filed the third payment request under the RRP with the European Commission on Tuesday 30 September.
The Finnish economy is slowly recovering from recession, with weak employment and economic uncertainty keeping households cautious. The general government debt ratio will stabilise briefly, but not permanently, at the end of the parliamentary term, estimates the Ministry of Finance in its forecast published on 22 September.
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.
