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17.12.2020 | Economic growth will accelerate to 2.5% in 2021 as the coronavirus epidemic recedes, is the forecast of the Ministry of Finance in its latest Economic Survey, published on 17 December.

7.1.2022 | In its first meeting on Friday 7 January, the ministerial working group on COVID-19 was briefed on the epidemiological situation, the spread of the Omicron variant, the burden on and capacity of the healthcare system, and the progress of vaccinations.

10.12.2020 | In its talks on 9 December, the Government discussed different scenarios concerning the development of the COVID-19 epidemic. The three scenarios drawn up for use by the Government examine possible paths of development of the epidemic and their economic and social impacts. The timeline of the scenarios extends from December 2020 until the end of June 2021.

15.10.2020 | In its talks on Thursday 15 October, the Government decided on national and regional recommendations help prevent the spread of the coronavirus. The recommendations take into account the most recent assessment of the epidemiological situation. The Government will adopt a resolution on the recommendations at its plenary session next week (the week beginning on 19 October).

10.9.2020 | Construction output for 2020 will be close to the previous year’s level, says the RAKSU construction trends group in its report published on 10 September.

26.6.2020 | On Friday 26 June, the Ministerial Committee on Economic Policy decided on the principles and conditions for granting state financing and support to large companies facing temporary difficulties due to the coronavirus epidemic. The policy approaches were drawn up based on joint preparations by the Ministry of Economic Affairs and Employment and the Ministry of Finance as agreed by the Ministerial Committee at the end of May.

12.5.2021 | A report of the Ministry of Finance published on 12 May forecasts a boost in economic growth to 2.6 per cent in 2021 supported by a global stimulus as the coronavirus epidemic eases.

14.1.2022 | In its meeting on Friday 14 January, the Government’s Ministerial Working Group on Coordinating COVID-19 Response discussed the development of the epidemic, closures of food and beverage service businesses and compensation for the costs of restrictive measures. On Friday morning, the ministerial working group received an overview of the epidemiological situation and heard preliminary assessments...

23.10.2020 | In its resolution adopted on 23 October, the Government outlines national and regional recommendations aiming to support regional measures to curb the spread of the epidemic and help get it under control as quickly as possible. Epidemic prevention measures under the Communicable Diseases Act are primarily local and regional.

3.9.2020 | On Thursday 3 September, the Government decided on its fifth supplementary budget proposal for 2020. In its proposal, the Government proposes EUR 60 million in temporary financing to compensate for the costs incurred due to the COVID-19 epidemic. The proposal focuses only on the essential appropriations that must be processed before the sixth supplementary budget proposal for 2020, which the Government plans to submit to Parliament on 29 October 2020.

20.12.2021 | The economy will grow rapidly in 2021 and 2022, although growth will be slower than was expected at the turn of the year, due to the acceleration in the COVID-19 pandemic and restrictive measures, the Ministry of Finance projects in its Economic Survey, published on 20 December.

27.9.2021 | The Finnish economy will continue to grow at a rate of 2.9% in 2022 following recovery from the COVID-19 pandemic, estimates the Ministry of Finance in its Economic Survey published on 27 September.

23.12.2020 | On 23 October 2020, the Government issued a national recommendation for employees to work remotely until further notice. The ministries had to assess the grounds for keeping the recommendation in force by the end of the year.

2.12.2021 | The Government recommends that workplaces in areas in the community transmission phase switch to remote work when possible. Recommendation on remote work will be in effect until further notice. The Government issued a government resolution on the matter on 2 December.

26.8.2021 | The Ministry of Finance and the Ministry of Social Affairs and Health have reviewed the rationale for the national recommendation to work remotely. In view of the epidemiological situation the vaccine coverage is not yet sufficient, which is why no changes are proposed to the recommendation. The recommendation will continue to be in force until 30 September in areas that are in the acceleration or community transmission phase.

16.6.2020 | The Finnish economy will shrink 6% this year according to the forecast of the Ministry of Finance in its latest Economic Survey, published on 16 June.

5.10.2020 | The Finnish economy will shrink by 4.5% this year according to the forecast of the Ministry of Finance in its latest Economic Survey, published on 5 October.

4.8.2022 | 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.

2.6.2020 | The coronavirus (COVID-19) crisis has had a considerable impact on people’s livelihoods and everyday lives, the ability of businesses to operate viably, and the shape and direction of the Finnish economy. This fourth supplementary budget proposal for 2020 is part of the Government's coronavirus crisis follow-up package, which focuses on ensuring an economically, ecologically and socially sustainable emergence from the crisis.

20.5.2020 | The Government is proposing that value-added tax (VAT) already paid in the early part of 2020 could be returned to businesses as part of revised payment arrangements. Under these arrangements, a rescheduled payment scheme would be drawn up for the later payment of the returned amount of VAT to the Tax Administration.