The Government’s adjustment measures support strengthening public finances, but additional measures are needed to address expenditure pressures
Despite additional measures, the Government’s objectives of strengthening public finances will not be achieved in the light of the current forecasts. The underlying reason is the permanent general government deficit, which is due to an increase in general government expenditure. The increase, in turn, is mainly the result of structural factors, such as the ageing of the population.
Despite additional measures, the Government’s objectives of strengthening public finances will not be achieved in the light of the current forecasts. The underlying reason is the permanent general government deficit, which is due to an increase in general government expenditure. The increase, in turn, is mainly the result of structural factors, such as the ageing of the population.
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Matthias Strifler
Senior Economist, PhD
Fiscal policy audit
Suvi Kangasrääsiö
Senior Economist
Fiscal policy audit
