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.
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