PRESS RELEASE

Category: PRESS RELEASE

Finnish Economic Policy Council: EU fiscal rules will require the next Finnish government to implement further fiscal consolidation measures at the beginning of its term

According to the Finnish Economic Policy Council, the fiscal consolidation measures implemented by the Government are sufficient to keep net expenditure growth within the limits set by the EU fiscal rules in 2026. However, the measures currently in place are unlikely to be sufficient in 2027 and 2028. According to the Council, it would be […]

Economic Policy Council appoints senior economist and two economists

The responsibilities of the Economic Policy Council have expanded following its new role as an independent fiscal institution, which came into effect on 1 January 2026. The changes are based on EU legislation requiring Member States to maintain independent fiscal oversight and increase the council’s analytical and assessment responsibilities. Strengthening the secretariat will support the council in […]

Council endorses Ministry of Finance forecast and takes on new responsibilities in assessing EU fiscal rules

The Economic Policy Council has begun carrying out its new statutory responsibilities by endorsing the Ministry of Finance’s macroeconomic forecast. Going forward, the council will also assess compliance with EU fiscal rules in Finland. Council endorses the Ministry of Finance’s spring 2026 forecast The Economic Policy Council endorsed the Ministry of Finance’s spring 2026 macroeconomic […]

The Finnish Economic Policy Council: Halting public debt growth requires greater policycoherence

In aggregate, the measures adopted by the government to date clearly strengthen public finances. Nevertheless, the public debt-to-GDP ratio is not stabilising in line with the objective set out in the government programme. In addition to weak cyclical conditions, this reflects certain inconsistencies in government policy. The continuation of debt growth reflects cyclical conditions and […]