Finland needs to borrow €10bn next year, finance minister Purra says

Finland's government is proposing a budget for 2024 that includes taking on additional state debt and making cuts to welfare, aiming to address economic challenges and maintain the Nordic welfare model.

yle.fi

Relevant topic timeline:

8/24/2023

Poland's 2024 budget to see big spending on defence, social benefits

Poland plans to increase spending on defense, health, social benefits, and public sector pay in 2024, as the ruling Law and Justice party focuses on security ahead of elections; however, economists warn that these big-spending policies may hinder the country's fight against inflation and raise the deficit to dangerous levels.

8/27/2023

The uphill battle of surpluses

While Greece aims for a primary budget surplus of 2.1-2.5% of GDP in the coming years, the EU calls for a minimum surplus of 2.3% to reduce the country's debt, with the government focusing on pro-growth policies and reforms instead of handouts and tax cuts.

8/29/2023

South Korea unveils smallest budget increase in 20 years amidst weakened tax revenue

South Korea's government plans to increase budget spending for 2024, but the proposed increase is the smallest in two decades due to fiscal discipline amid weakening tax revenue and slow economic growth.

9/5/2023

German government tightens belt in new budget

The German government has presented its 2024 budget, aiming to end years of government spending on managing crises such as COVID-19 and the war in Ukraine, with significant cuts across departments and limited social reforms, leading to controversy among coalition partners and opposition parties.

9/14/2023

France tightens budget to save 16B euros through spending cuts, ending energy caps

The French government plans to save 16 billion euros from its 2024 budget, with 10 billion euros coming from removing caps on power and gas prices, in addition to other spending reductions and lower state aid to companies, while also trimming the country's growth outlook for next year.

9/17/2023

Finland Faces Soaring Interest Costs on State Debt Due to Eurozone Rate Hikes

Interest payments on state debt in Finland are expected to quadruple next year, reaching nearly 570 euros per person, due to higher interest rates on new loans from the European Central Bank.

9/20/2023

Swedish Budget Promises Tax Cuts and Increased Spending to Ease Costs for Households While Bolstering Security

Sweden's government plans to implement tax cuts and increase spending on welfare, defense, and the criminal justice system in its 2024 budget, while keeping inflation in check.

Topics

Posted 8/25/2023, 1:42:27 PM