Finland is to Give Explanation to EU Over its State Budget Deficit
Finland is expected to give an explanation to the European Commission over its state budget deficit and growing government debt.
The Commission meeting is to be held on Wednesday to decide how it will react to Finland’s worsening public finances. Therefore, within several weeks Finland should find an explanation of its economic figures and make clear how it will solve the issue, Sputnik News reports.
Last year Finland’s budget deficit was 3.2 percent of GDP, and it is set to rise to 3.3 percent this year. Public debt is estimated to hit 62.6 percent this year and 64.8 percent the following year.
Other materials on this subject
- FT: Coronavirus Pandemic Threatens Livelihoods of 59m European Workers Under McKinsey’s pessimistic scenario, in which severe social distancing restrictions are maintained through the summer to contain the spread of the virus, EU unemployment could double to 11.2 per cent...
- Italy Coalition Agrees on New Budget, Expects EU Approval The European Commission rejected the Italian budget in October, saying it would not lower the country’s huge debt and declaring it in clear breach of EU fiscal rules. Rome submitted a revised plan last...
- EU Shoots Down Italy's Budget Plans, Again The Commission confirmed its assessment that "Italy's draft budget plan is in particularly serious non-compliance" with EU debt rules, Commission Vice President Valdis Dombrovskis said in Brussels.
- Denmark Is The Most Expensive EU Country Denmark was followed by Luxembourg (127 percent), Ireland and Sweden (both 125 percent), Finland (122 percent) and the United Kingdom (117 percent).
- Eurozone Growth Exceeds Expectations For the past 12 months, the growth rate was 2.5%.
Read also
-
Peace treaty must include provisions that guarantee the integrity of Armenia’s sovereign territory, European Parliament
-
Toivo Klaar: Georgia’s role as bridge between Armenia and Azerbaijan is very important
-
EU sends rescue teams to Turkey after deadly earthquake
-
European Commission points to Kiev's deficits as part of EU acceptance process
-
EU intends to impose new anti-Russian sanctions by special op anniversary
-
EU has called on Azerbaijan to take measures to ensure freedom, security of movement in Lachin corridor - Borrell
-
Common Aviation Area Agreement between EU and Armenia enters into force
-
Armenia-Azerbaijan settlement should not become hostage to the competition between the EU and Russia: EU representative
-
17:08The regular session of the Anti-corruption Policy Council takes place in Jermuk
-
15:05The Prime Minister sends congratulatory messages to the supreme leader of Iran and the President of Iran
-
11:11Armenia sends earthquake aid to Turkey
-
10:43Commemoration of the Pontiff St. Sahak Partev
-
09:16Some roads are closed and difficult to pass in Armenia
-
19:55Phone conversation of the Foreign Minister of Armenia with the U.S. Assistant Secretary of State for European and Eurasian Affairs
-
18:30Prime Minister Pashinyan and President Khachaturyan meet
-
18:20Ararat Mirzoyan with Co-Chairman of the OSCE Minsk Group of France Brice Roquefeuil
-
17:01Humans could land on Mars within 10 years, Musk predicts
-
16:45France, US urge 'immediate' end to Nagorno Karabakh blockade
-
16:01Blockaded Nagorno Karabakh launches fundraiser to support quake-hit Syria
-
15:59Earthquake death toll in Turkey rises to 18,342
-
15:43Ararat Mirzoyan Held a Telephone Conversation with Sergey Lavrov
-
15:06French president rules out fighter jet supplies to Ukraine in near future
-
14:475 Day Weather Forecast in Armenia
-
14:44President Vahagn Khachaturyan wrote a note in the book of condolences opened in the Embassy of Syria in Armenia
-
14:20Azerbaijan’s provocations impede establishment of peace and stability – Armenian FM tells Russian Co-Chair of OSCE MG
-
12:57France representation to OSCE: Paris calls on Azerbaijan to restore freedom of movement through Lachin corridor
-
11:40Command of Kosovo forces highly appreciated preparation of Armenian peacekeepers
-
10:16The United States withdrew from sanctions against Syria for six months the provision of assistance after the earthquake
Most read
day
week
month
Weather
Yerevan
Humidity: %
Wind: km/h
0 C°
0° 0°
06.12.2025
0° 0°
07.12.2025
Poll