A report by Finland’s National Audit Office described government expenditure during the Covid pandemic as “excessive”, but a finance ministry spokesperson tells Helsingin Sanomat the effects are overstated.
This year is shaping up to be better than the previous two years, but there are major regional differences in price trends, according to the Mortgage Society of Finland.
The head of Finland’s largest union federation has criticised the government’s economic and employment policies, while the Chamber of Commerce has called into question its attitude towards immigrants.
Finance Minister Riikka Purra pointed to the European Commission’s economic forecast suggesting that Finland’s state debt would exceed a cap of 90-percent of GDP as early as next year.
“When you look at the issue more closely, raising the retirement age isn’t a silver bullet. Its effects will take different directions,” says Antti Tanskanen, director of the Finnish Pension Alliance.