Finland’s general government debt ratio has grown almost without interruption since the global financial crisis. This trend differs significantly from that seen in the other Nordic countries. It is vital to build a strong political commitment to fiscal sustainability and to the resolute implementation of the measures this calls for.
Growth in Finland’s economy will stall temporarily due to Ukraine war and energy crisis. High inflation is weakening consumers’ purchasing power and general confidence in the economy. In the public finances, spending will continue to exceed revenues.
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