Finland recorded a Government Budget deficit equal to 1.10 percent of the country's Gross Domestic Product in 2019.

Government Budget in Finland averaged 1.27 percent of GDP from 1975 until 2019, reaching an all time high of 7.70 percent of GDP in 1976 and a record low of -8.10 percent of GDP in 1993. This page provides - Finland Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Finland Government Budget - values, historical data and charts - was last updated on May of 2020. source: Statistics Finland

Government Budget in Finland is expected to reach -6.20 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Finland Government Budget is projected to trend around -3.80 percent of GDP in 2021 and -3.00 percent of GDP in 2022, according to our econometric models.

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Finland Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-1.10 -0.90 7.70 -8.10 1975 - 2019 percent of GDP Yearly

Finland Government Last Previous Highest Lowest Unit
Government Debt to GDP 59.40 59.60 63.60 6.10 percent [+]
Government Budget -1.10 -0.90 7.70 -8.10 percent of GDP [+]
Government Budget Value -1343.60 229.90 2319.20 -3833.40 EUR Million [+]
Government Spending 12185.00 11438.00 12447.00 3871.00 EUR Million [+]
Government Spending to GDP 53.30 53.40 64.20 38.60 percent [+]
Government Revenues 4099.00 5592.30 5681.64 2345.54 EUR Million [+]
Government Debt 117831.00 117679.00 117831.00 48415.00 EUR Million [+]
Fiscal Expenditure 3869.10 4319.70 7343.71 928.60 EUR Million [+]
Credit Rating 96.00 [+]
Military Expenditure 3615.00 3430.00 3615.00 605.00 USD Million [+]
Asylum Applications 195.00 205.00 10805.00 155.00 persons [+]


Finland Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.