Budget agreement brings tax and spending cuts

Although the government has justified the tax cuts with dynamic effects and self-financing, the cuts, even in the best case scenario, only contribute little to economic growth and do not finance themselves. Public finances are becoming increasingly indebted.

Budget agreement brings tax and spending cuts

The Petteri Orpo (NCP) government on Wednesday announced a raft of budget adjustments for the second half of its four-year term in office.

Finland cuts spending, lowers taxes in new budget plan

The Finnish government has unveiled sweeping changes to taxation and public spending as part of its midterm budget framework talks. Prime Minister Petteri Orpo’s coalition plans €1.25 billion in income tax reductions, while implementing deep cuts to higher education, foreign aid, and municipal services. Finance Minister Riikka Purra described the measures as necessary to promote employment, strengthen consumer purchasing power, and support inves…

The opinion writer praises the Orpo government's midterm elections as responsible and hopeful.

If the tax cuts don't work, then the next government will also have a tax hole in its lap, writes Juha Ristamäki.