Finland Continues to Face Budget Deficit for the 17th Consecutive Year

Finland has unveiled its new budget, which again records a deficit, continuing a trend that has persisted for 17 years. The country's government, led by Prime Minister Petteri Orpo, predicts that the budget deficit will exceed 2 billion euros in 2024. This decision is driven by the need to finance various programs aimed at supporting the economy and providing social welfare to citizens.

In recent years, Finland has faced numerous economic challenges, including rising energy prices, the aftermath of the COVID-19 pandemic, and the current economic conditions in the EU. The government has reminded that while economic growth is taking place in the country, there are significant risks that could threaten financial stability.

Key measures in the new budget include increased spending on healthcare, education, and environmental protection. The government believes that these investments will help improve the quality of life for citizens and create new jobs in the future. At the same time, it emphasizes the importance of a balanced approach to the country's finances to avoid chronic deficits in the long term.

The budget also includes tax changes aimed at stimulating economic growth; however, their implementation may take time. Financial experts warn that achieving sustainable results will require more in-depth reforms of the tax system and spending cuts.

In conclusion, the government assures the public that despite the negative financial indicators, Finland remains an attractive destination for investment and business. The government is committed to creating a more sustainable economic policy that will allow the country to break free from the cycle of deficit and ensure stable development in the long run.