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The Budget Formulation of the Budget The formulation of the Budget begins in January, when the ministries’ spending proposals are submitted to the Ministry of Finance. The spending proposals are part of the ministries’ and agencies’ multi-year ope...https://vm.fi/en/the-budget
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The annual European Union budget is based on the multiannual financial framework. The framework sets the limits for each spending category in the annual budget.https://vm.fi/en/eu-budget
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Spending limits in central government finances and the budget At the beginning of the parliamentary term, the Government decides on a framework, i.e. a ceiling for budget expenditure, and rules for the framework procedure. The spending limits for ...https://vm.fi/en/spending-limits-in-central-government-finances-and-the-budget
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Budget and financial plan Each wellbeing services county must draw up a budget for each calendar year. The county council will approve the budget by the end of the previous year. In connection with the budget approval, the county council must also...https://vm.fi/en/budget-and-financial-plan
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Planning of investments and budget authority for borrowing The wellbeing services counties must prepare an annual investment plan for investments of the county corporation to be launched during the four financial years following the next financial...https://vm.fi/en/investments
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5.2.2026 | On Thursday 5 February, the Government submitted a supplementary budget proposal for 2026 to Parliament. The supplementary budget focuses on boosting growth and investments with the goal of supporting employment. The proposal also includes a decrease to revenue estimates.https://vm.fi/en/-/194055633/government-submits-supplementary-budget-proposal-to-parliament-5
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30.4.2026 | The General Government Fiscal Plan guides the planning of public finances. It covers central government, wellbeing services counties, municipalities, statutory earnings-related pension funds and other social security funds.https://vm.fi/en/-/government-decides-on-general-government-fiscal-plan-for-2027-2030
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12.5.2026 | The Ministerial Committee on Economic Policy has decided that the review of government agency structures will continue with follow-up studies on potential longer-term changes. The follow-up studies will be completed before the end of this year.https://vm.fi/en/-/194055633/review-of-government-agency-structures-advances-to-more-detailed-follow-up-studies
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23.9.2024 | 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.https://vm.fi/en/-/proposal-for-2025-budget-submitted-to-parliament
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22.9.2025 | The Government has submitted its proposal for the 2026 Budget and related legislative proposals to Parliament.https://vm.fi/en/-/proposal-for-2026-budget-submitted-to-parliament
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24.4.2026 | Credit rating agency S&P Global Ratings revised its outlook of Finland’s credit rating to negative and affirmed the rating as AA+. Finland’s rating is the second highest on the scale. Minister of Finance Riikka Purra was not surprised by S&P’s decision.https://vm.fi/en/-/s-p-global-ratings-revises-finland-s-credit-rating-outlook-to-negative
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Hiddenhttps://vm.fi/en/budget-authority-for-borrowing
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8.8.2025 | The draft budget includes new adjustment measures by Minister of Finance Riikka Purra. The overall spending included in the draft budget is EUR 89.6 billion in total. The draft budget shows a deficit of EUR 9.9 billion, when excluding a one-off revenue entry item from the National Housing Fund.https://vm.fi/en/-/ministry-of-finance-publishes-its-draft-budget-for-2026
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EU and the economy The economies of the EU countries have become closely integrated, and the countries in the euro area in particular have common interests. For this reason, the economic policy of the member states is coordinated by the Economic a...https://vm.fi/en/eu-and-the-economy
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6.8.2025 | The Ministry of Finance's draft budget for 2026 implements the guidelines of the Government’s spring mid-term policy review and includes the Minister of Finance's new adjustment measures proposed by the Minister of Finance to ensure that the debt ratio stabilises towards the end of the parliamentary term. The draft budget totals EUR 89.6 billion and involves a deficit of EUR 9.9 billion. When enter...https://vm.fi/en/-/draft-budget-of-minister-of-finance-riikka-purra-to-stabilise-the-debt-ratio-budget-deficit-to-be-reduced-to-below-eur-10-billion
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EU and the economy The economies of the EU countries have become closely integrated, and the countries in the euro area in particular have common interests. For this reason, the economic policy of the member states is coordinated by the Economic a...https://vm.fi/en/EU-and-the-economy
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Internal control and risk management Internal control aims to ensure that an organisation reaches its objectives. It covers all measures and procedures that contribute to this aim. These measures and procedures can provide a reasonable certainty t...https://vm.fi/en/internal-control-and-risk-management
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30.4.2026 | Economic recovery in Finland will be further delayed as a result of the crisis in the Middle East. The general government deficit will widen and remain large according to the Economic Forecast published by the Ministry of Finance on 30 April.https://vm.fi/en/-/rising-energy-prices-slow-economic-growth
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History Finland obtained its own central administration in 1809. Rules of procedure were issued to the Governing Council in August 1809, which started operating in October of the same year. The Governing Council (from 1816 the Imperial Finnish Sen...https://vm.fi/en/history
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Revenue Working Group In accordance with its mandate, the Revenue Working Group coordinates the monitoring and analysis of central government and other general government revenue, and reconciles estimates of future revenue development with departm...https://vm.fi/en/revenue-working-group