Finland recorded a Government Budget deficit equal to 5.40 percent of the country's Gross Domestic Product in 2020. source: Statistics Finland

Government Budget in Finland averaged 1.13 percent of GDP from 1975 until 2020, 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 July of 2021.

Government Budget in Finland is expected to reach -4.30 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Finland Government Budget is projected to trend around -3.00 percent of GDP in 2022 and -2.30 percent of GDP in 2023, according to our econometric models.

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Finland Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-5.40 -0.90 7.70 -8.10 1975 - 2020 percent of GDP Yearly

Finland Government Last Previous Highest Lowest Unit
Government Debt to GDP 69.20 59.50 69.20 6.10 percent of GDP [+]
Government Budget -5.40 -0.90 7.70 -8.10 percent of GDP [+]
Government Budget Value 370.50 -281.10 2319.20 -3833.40 EUR Million [+]
Government Spending 13556.00 14734.00 14734.00 3871.00 EUR Million [+]
Government Spending to GDP 56.70 53.20 64.20 38.60 percent of GDP [+]
Government Revenues 5399.80 4285.20 5681.60 2030.22 EUR Million [+]
Government Debt 126111.00 125373.00 128372.00 48415.00 EUR Million [+]
Fiscal Expenditure 4566.00 5353.00 7344.00 929.00 EUR Million [+]
Military Expenditure 3986.00 3630.00 3986.00 617.00 USD Million [+]
Credit Rating 96.00 [+]
Asylum Applications 45.00 35.00 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.