Fiscal policy too loose in the current economic situation

Improved economic growth and favorable development of the labor market situation have improved the state of public finances. In the current state of the business cycle, the government should adopt a stricter fiscal policy. The Finnish Government will not reach its fiscal policy targets According to current estimates, the cyclically adjusted budget deficit will be […]

Improved jobs numbers will not be enough to fix the problems in public finances

The 72% employment rate target set by the government will not be reached. The failure to meet the employment target will make it difficult to meet targets for the public sector deficit and debt. According to forecasts the structural, cyclically adjusted deficit will still be over one percentage point of gross domestic product (GDP) in […]