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

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 February of 2021.

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 -1448.50 -1350.30 2319.20 -3833.40 EUR Million [+]
Government Spending 11277.00 11934.00 12494.00 3871.00 EUR Million [+]
Government Spending to GDP 53.30 53.40 64.20 38.60 percent [+]
Government Revenues 4087.70 3959.60 5681.64 2345.54 EUR Million [+]
Government Debt 123281.00 120192.00 124918.00 48415.00 EUR Million [+]
Fiscal Expenditure 4483.60 5447.50 7343.71 928.60 EUR Million [+]
Military Expenditure 4137.00 3757.00 4137.00 644.00 USD Million [+]
Credit Rating 96.00 [+]
Asylum Applications 170.00 105.00 10805.00 30.00 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.