A surprise twist! HS: Finland's state debt is reduced unexpectedly this year - Psychologically and symbolically significant

The state treasury, the state debt was in November of 105.3 billion.Finance minister Peter Orphan looked night magazine in August before the ministry of finance budget negotiations in the red folder, which was compiled from various ministries money desires. MIKA KOSKINEN

Finland's state debt will decrease surprisingly this year, reported Helsingin sanomat. Finance minister Petteri Orphan HS interview that he got the end of the year a pleasant surprise, when the state treasury will not need to raise the rest of the year planned 2.2 billion euro tranche.

– This is a psychologically and symbolically significant, the Orphan said HS.

HS:according to the detailed explanation was not happy for the surprise yet to be found. An orphan, according to the majority explained that the state revenue and expenditure developments have been predicted more favourable. A fair quarter is explained by the fact that the state budget outside funds, such as the housing fund, has accumulated more than expected for the money.

it is an historic Moment, because the national debt has grown steadily since 2009, when the financial crisis struck with force in the Finnish economy. Since 2008 the amount of debt has doubled.

Estimates of the state debt developments for this year have changed strongly along the way. The may supplementary budget in the context of Orphan-led ministry estimates this year's deficit of € 1.7 billion and a debt to the pot to rise to 108 billion by year's end.

the Government's draft budget in August 2017, the deficit was estimated at about 3 billion euros.

Owe 19 040 eur per capita

Now the debt, therefore, is reduced. The state treasury, the state debt amounted at the end of November of 105.3 billion, but the HS stuff, it will go of 104.9 billion by year's end. Of 105.3 billion, calculated on the basis of debt is 19 040 eur per capita.

the end of Last year the state debt was 105.8 billion.

Although Finland is successful this year in stopping the accumulation of debt, as next year's budget is still in deficit.

the State budget for next year totals of 55.5 billion euros, which is about 300 million less than the year 2018 actual budget. The show is a 1.6 billion deficit. The deficit will be covered by additional debt.

finance minister Petteri Orphan commenting on the government's budget show evening magazine in August. Mika Koskinen