Audit office: the Finnish public expenditure growing faster than EU rules allow

Finland is in danger of breaking the EU's stability and growth pact the preventive part of the rules, which ensure the stability of public finances, estimated by the national audit office (VTV). When the fiscal balance, measures to improve the employment preparation and successful execution are key, VTV recommends.

VTV:n according to the bulletin shows that the general government structural to stay may arise from the acquis in terms of a significant deviation. On the other hand, the threshold crossing, where the deviation arises, is the current knowledge in the light of the small.

VTV estimates that public expenditure next year, growing faster than EU rules allow. So Finland can in the coming years to ensure fiscal compliance, employment should increase. VTV:according to the government's target of 60 000 new employed 2023 is possible.

– compliance will affect, inter alia, that the government's one-off future investment programme starting in 2020. In addition, the government will increase permanent spending before the government decided by the tax increases bring additional revenue. Although the estimates contain uncertainty, we urge the state council to account for the significant deviation of the risk, the economist Leena Savolainen said in the announcement.

the audit office will publish next month an even wider fiscal monitoring reports.

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