Government decides on General Government Fiscal Plan for 2027–2030

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.

The Government decided on the General Government Fiscal Plan on Thursday 30 April. The plan defines objectives for the development of public finances and measures to achieve those objectives. It includes a decision on the spending limits for central government finances and presents the Government’s key tax, expenditure and structural measures.  
 
The plan is based on the latest independent economic forecast produced by the Economics Department at the Ministry of Finance. As Finland’s Independent Fiscal Institution (IFI), the Finnish Economic Policy Council confirmed the macroeconomic forecast.

General Government Fiscal Plan includes spending limits decision 

The plan estimates that next year’s on-budget activities will comprise: 

• revenues of  EUR 78.8 billion excluding net borrowing  
• expenditures of EUR 92.0 billion  
• a deficit of EUR 13.2 billion. 

The plan includes a decision on the spending limits for central government finances, in other words, it sets the maximum expenditure allowed under the spending limits. The plan will be used as the basis for next year’s national budget.  

The plan also includes the Government’s assessment on compliance with fiscal policy rules and objectives required by the Act on a National Framework for Fiscal Policy

Finland submits annual progress report to EU 

In January 2025, the Council of the European Union approved Finland’s first medium-term fiscal-structural plan for 2025–2028. Finland submits an annual progress report on the plan to the EU.

The progress report provides an assessment of compliance with the Stability and Growth Pact, including a report on the measures Finland has taken to rectify its excessive deficit based on the recommendations adopted by the Council of the European Union in January 2026. The deadline for Finland’s report on the measures taken was 30 April.  

The progress report also includes the Ministry of Finance’s assessment of compliance with country-specific recommendations. 

Background materials for government spending limits discussion published

The Ministry of Finance has published the materials that it provided to support the working group led by Minister of Employment Matias Marttinen. The group prepared new employment and growth measures and measures to fund them for the government discussion on spending limits.

Inquiries: 
Mika Niemelä, Director General of the Budget Department, tel. +358 295 530 525, mika.niemela(at)gov.fi 
Jussi Lindgren, Economic Policy Adviser to the Minister of Finance, tel. +358 50 576 4611, jussi.lindgren(at)gov.fi 
Marketta Henriksson, Director, Head of the Secretariat for EU and International Affairs, (progress report), tel. +358 295 530 441, marketta.henriksson(at)gov.fi