Finland believes it has achieved further milestones in its Recovery and Resilience Plan (RRP). The Ministry of Finance filed the second payment request under the RRP with the European Commission on Friday 11 October.

In the plan, Finland commits to complying with a net expenditure path (i.e. a maximum permitted growth rate for net expenditure) for the next four years. The net expenditure path is compatible with the adjustment measures outlined in the Government Programme and General Government Fiscal Plan.

Public authorities will be better able to exchange information in their efforts to prevent money laundering and terrorist financing. The Government is proposing legislative amendments that will improve access to information and strengthen national security.

The Government has submitted its proposal for the 2025 Budget and related legislative proposals to Parliament. In the 2025 Budget, central government expenditure amounts to EUR 88.8 billion and revenue to EUR 76.6 billion, with a deficit of EUR 12.1 billion.

The Ministry of Finance and European Commission have signed a Memorandum of Understanding according to which the Finnish contract notice materials will be entered into the Public Procurement Data Space of the European Union. The aim is to make it easier to utilise data concerning public procurements both nationally and, more widely, in the EU.