Jenni Jaakkola elected Secretary General ofthe Finnish Economic Policy Council
The Ministry of Finance has appointed Jenni Jaakkola, D.Sc. (Econ.), as Secretary General of the Finnish Economic Policy Council for the period of 1 September 2024 – 31 December 2025. During Jaakkola’s term, the Council’s role and division of labour with other actors will be examined further. (image: VATT / Veikko Somerpuro) Based on VATT’s […]
Economic Policy Council: Government’s key fiscal objectives well-founded, but therange of measures needs to be expanded
The government’s central fiscal objective is to stabilize the public debt ratio by the end of its term. This is a good target assuming that the economic environment remains relatively normal. However, the measures listed in the government program are unlikely to be sufficient to achieve the government’s fiscal policy goals. The economic outlook for […]
Economic Policy Council 2023 report publication and seminar on Wed 24.1.
Economic Policy Council will publish its annual report on the government’s economic policy on January 24, 2024. An open seminar will be held for anyone interested in the report. The seminar is held in Finnish. Economic Policy Council will publish its annual report on the government’s economic policy on January 24, 2024. The report will […]
Economic Policy Council’s Background Report: Previous estimates for productivity growth in Finland have been too optimistic
A recent background report from the Finnish Economic Policy Council shows that forecasts of Finland’s economic growth prospects have been over-optimistic, especially in times of crisis. Forecasts for Finland’s key trading partners, Sweden and Germany, have exhibited much smaller forecasting errors. Finland is committed to the European Union’s common fiscal rules, which are expressed in […]
Economic Policy Council: Next government needs a credible plan for fiscal adjustment and combating climate change
The Covid-19 pandemic and the current crisis have demonstrated that the government’s ability to support the economy is crucial. Given the persistent deficit in public finances, the new government term should start with a credible fiscal adjustment plan. The tightening of EU-wide climate policy will also affect Finland. The war on Ukraine created an energy […]