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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 ...
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 ...
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 ...
Assessment of public finances 2019
(17.01.2020)
Bank of Finland. Bulletin 5/2019
Bank of Finland. Bulletin 5/2019
Sound fiscal policy should be conducted keeping in mind the economy’s long-term challenges. Finland's population structure is becoming increasingly unfavourable on account of its declining working-age population and growing ...
Assessment of public finances 2020 : Attention should already be turned to the post-crisis years
(12.01.2021)
Bank of Finland. Bulletin 6/2020
Bank of Finland. Bulletin 6/2020
During the acute phase of the COVID-19 pandemic, fiscal policy has been deployed to support households and businesses hit by the crisis. At the same time, fiscal stimulus has been stepped up to bolster economic recovery. ...
The COVID-19 crisis built up indebtedness and increased external financing needs in low-income countries
(16.11.2021)
Bank of Finland Bulletin. Analysis
Bank of Finland Bulletin. Analysis
The shock of the COVID-19 pandemic and the associated deterioration in the economic outlook has exacerbated solvency concerns and increased the risks of debt restructurings in low-income countries (LICs). Financing conditions ...
Determined action needed to strengthen the economy
(10.12.2015)
Bank of Finland. Bulletin 5/2015
Bank of Finland. Bulletin 5/2015
Resolving the protracted problems in the Finnish economy requires action in three areas. It is necessary to improve cost-competitiveness, continue structural reforms and end growth in the public debt.
Editorial : Monetary policy remains accommodative, net asset purchases about to end
(06.07.2018)
Bank of Finland. Bulletin 3/2018
Bank of Finland. Bulletin 3/2018
Monetary policy has remained decidedly accommodative in the euro area, all throughout the different phases of the global financial crisis, sovereign debt crisis and the once-looming threat of deflation. To begin with, key ...
Bank of Finland Bulletin : Bank of Finland articles on the economy 5/2021
(17.12.2021)
Bank of Finland. Bulletin 5/2021
Bank of Finland. Bulletin 5/2021
Long-term sustainability of the public finances
(02.02.2022)
Bank of Finland. Bulletin 5/2021
Bank of Finland. Bulletin 5/2021
Long-term debt sustainability is measured by the ‘S2’ indicator, which summarises in a single figure the extent to which the general government finances should be permanently adjusted for public debt not to increase in an ...