Fiscal Balance in Finland

Finland Fiscal Balance | Economic News & Forecasts

Finland - Fiscal Balance

Following Q4’s softer economic expansion due to slower private spending growth, the economy likely weakened in Q1 2022. Economic activity in January and February contracted in monthly terms amid rising inflation and a weak industrial sector. In March, the war in Russia likely hit trade and consumer spending and drove up production costs. That said, a healthy labor market should have supported the services sector. In politics, following Russia’s invasion of Ukraine, support to join NATO reached a historic high and a discussion on the topic was recently brought to parliament. Some analysts expect Finland to submit its bid for membership before NATO’s 29 June summit, a move which would antagonize Russia but strengthen regional ties. Moreover, in April, the government announced an over EUR 2 billion boost to defense spending over the next several years.

Finland - Fiscal Balance Data

2015   2016   2017   2018   2019  
Fiscal Balance (% of GDP)-2.4  -1.7  -0.7  -0.9  -1.1  

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Finland Facts

Value Change Date
Bond Yield0.033.70 %Dec 30
Exchange Rate8.78-0.38 %Jan 01

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