Assessment of public finances 2023 : Correcting the course of the public finances even more challenging than expected
JulkaisusarjaBank of Finland. Bulletin
JulkaisijaBank of Finland
Julkaisun pysyvä osoite onhttps://urn.fi/URN:NBN:fi-fe202401264518
The outlook for Finland’s public finances is weaker than before. Finnish economic growth will remain muted in the coming years, and the fiscal consolidation measures planned by the Government will not be enough to reverse the trend in indebtedness. Bringing the public finances closer to balance requires, on a long term basis, concrete measures that affect both revenue and expenditure as well as structural reforms that support economic growth. Stronger fiscal rules would support decision-makers in fiscal consolidation.
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