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Weaker global economic activity one of the key risks
(27.01.2017)
Bank of Finland. Bulletin 5/2016
Bank of Finland. Bulletin 5/2016
Exports will finally begin to grow in response to export demand, with net exports gradually beginning to support growth alongside domestic demand. However, one of the key risks to the forecast is a weaker-than-forecast ...
Bank of Finland forecast : Upswing more broadly based – Improved chances for balanced growth in Finland
(18.12.2017)
Bank of Finland. Bulletin 5/2017
Bank of Finland. Bulletin 5/2017
Finland’s economic growth is broadly based, exports are fuelling growth and at the same time domestic demand continues to be strong. According to the Bank of Finland forecast, Finland’s GDP will grow 3.1% in 2017 and 2.5% ...
Assessment of public finances 2017 : Overall positive sentiment will not resolve structural problems in public finances
(18.12.2017)
Bank of Finland. Bulletin 5/2017
Bank of Finland. Bulletin 5/2017
Finland’s rapid economic growth in 2017 has notably improved the situation for the public finances. With the cuts in taxes related to the Competitiveness Pact, fiscal policy will ease in 2017 and 2018 and the structural ...
Growth potential and public finances need further strengthening
(18.12.2017)
Bank of Finland. Bulletin 5/2017
Bank of Finland. Bulletin 5/2017
The current news on the Finnish economy is positive, and the outlook has improved. Economic growth has continued and is now more broadly based than before. Exports and corporate investment are both growing, in addition to ...
Assessment of public finances in December 2016
(27.01.2017)
Bank of Finland. Bulletin 5/2016
Bank of Finland. Bulletin 5/2016
Finland's fiscal situation is challenging. The general government deficit is still high, and public debt is on an upward trend. Attainment of more balanced public finances is hampered not only by high unemployment-related ...
Russia’s annual budget plan portrays subdued stimulus to cope with recession, larger deficits could lie ahead
(28.10.2022)
Bank of Finland Bulletin. Blog
Bank of Finland Bulletin. Blog
The government budget plan for 2023−2025 covers the entire consolidated budget, which incorporates federal, regional and local budgets plus state social funds. Publication of consolidated budget data was discontinued last ...
Assessment of public finances 2021 : Time for fiscal policy to refocus on the future
(02.02.2022)
Bank of Finland. Bulletin 5/2021
Bank of Finland. Bulletin 5/2021
Managing the consequences of the COVID-19 pandemic still requires a lot of work, but in many sectors of Finland’s economy the engines are already firing on all cylinders. The elevated structural deficit in the country’s ...
Consolidation measures strengthen public finances
(30.06.2015)
Bank of Finland. Bulletin 3/2015
Bank of Finland. Bulletin 3/2015
The effects of the Government’s economic policy programme are assessed separately in this alternative scenario, as the programme is not included in the baseline forecast. The consolidation measures, if carried through, ...
Achievement of the employment objective requires faster economic growth
(23.06.2016)
Bank of Finland. Bulletin 3/2016
Bank of Finland. Bulletin 3/2016
One of the key objectives of the Government Programme is to raise the employment rate to 72% by the end of the parliamentary term. This means increasing the current number of people in employment by just over 100,000 by ...
Is Finland following the same path as Japan?
(23.06.2016)
Bank of Finland. Bulletin 3/2016
Bank of Finland. Bulletin 3/2016
Finland is now facing problems similar to those with which Japan has already struggled for more than a decade. The population is ageing, and slow economic growth is not generating sufficient funds to cover swelling public ...