Loose fiscal policy lacks a proper plan for sustainability
29.1.2020
The current forecast is that growth in the Finnish economy in 2020 is expected to be around 1 per cent, and growth in future years
The current forecast is that growth in the Finnish economy in 2020 is expected to be around 1 per cent, and growth in future years
Despite reduction in government deficit and improvement in employment the sustainability problem remains unchanged. The social and health care reform will not fix this. The
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
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
The government’s fiscal policy is one of gradual tightening and government spending cuts of almost four billion euros over the government term. Tightening fiscal policy
The Council does not recommend a further tightening of fiscal policy for 2015 and 2016. Significant adjustments of public finances are necessary, but they should