Fitch downgrades Finland’s credit rating Link to an external website

26.7.2025 6.30
On Friday 25 July, the Fitch credit rating agency lowered the rating of Finland’s central government debt by one grade from AA+ to AA. Finland’s outlook is now rated as stable.

Timeline of budget preparations for 2026 Link to an external website

24.6.2025 15.17

Timetable for the preparation of the budget proposal:


Economy recovering in the shadow of trade disputes and uncertainty Link to an external website

16.6.2025 11.02
Finland’s economy is recovering from recession, but trade disputes and uncertainty are delaying faster growth. Public finances are in dire need of a turnaround, as deficits remain deep and the debt ratio is threatening to rise above 90 per cent, according to the forecast published by the Ministry of Finance on 16 June.

EU fiscal rules
Finland avoids EU excessive deficit procedure Link to an external website

4.6.2025 14.26
The European Commission recommends that the Council of the EU activate the national escape clause for Finland. The recommendation is based on increasing defence spending. The Commission does not recommend opening an excessive deficit procedure.

OECD recommends Finland strengthen public finances and boost sustainable economic growth Link to an external website

23.5.2025 10.00
The OECD sees vast potential for clean economic growth in Finland. However, structural reforms will be required to realise this potential. Among other things, the OECD recommends that Finland boost higher education, attract high-skilled immigrants and improve incentives for investments. Further adjustments to public finances are necessary due to rising defence spending.

Publications

State Budget 2025

The central government's appropriations in the budget proposal total EUR 88.8 billion. Revenue is estimated at EUR 76.6 billion. The budget proposal shows a deficit of EUR 12.1 billion.

State Budget 2025

Economic Survey, summer 2025

Finland’s economy is recovering from recession, but trade disputes and uncertainty are delaying faster growth.

Economic Survey, Summer 2025

Expenditure and structural survey

This expenditure and structural review is intended to help identify the purposes for which public funds are currently being used.

Expenditure and structural surveyLink to an external website

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Ministry of Finance

Ministry of Finance

The Ministry is tasked with establishing, overseeing and reforming the operating framework for public finances and public governance. Our vision is to establish a solid foundation for the economic prosperity and wellbeing of coming generations.

Learn more about the Ministry

Administrative branch

Administrative branch

The Ministry of Finance's administrative branch employs over 12,000 people, most of whom work for the tax and customs administrations.

The Ministry of Finance's administrative branch

Ministers

Riikka Purra
Riikka Purra
Minister of Finance
Anna-Kaisa Ikonen
Anna-Kaisa Ikonen
Minister of Local and Regional Government
Sakari Puisto
Sakari Puisto
Minister of Economic Affairs