More information on budget proposal for 2012 and revised central government spending limits

Budget proposal for 2012 and revised central government spending limits for 2012-2015 submitted to Parliament on 5 October.

Budget proposal for 2012

The 2012 budget proposal amounts to EUR 52.4 billion. It projects a deficit of EUR 7.1 billion. Estimated total revenue is EUR 45.3 billion, with tax revenue accounting for EUR 38.2 billion. Revenue is up 7% from the 2011 ordinary budget. Total proposed appropriations are EUR 52.4 billion, with central government interest expenditure coming to EUR 2.2 billion. Appropriations will increase by around EUR 1.8 billion compared to the 2011 ordinary budget. Central government debt at year-end 2012 is estimated at EUR 89 billion, or 44½% of GDP.

Central government revised spending limits for 2012-2015

The Government has revised the earlier spending limits decision taken in March this year to accommodate the changes brought by the new Government Programme. The new decision sets the real spending limits for the 2012-2105 electoral term.

The on-budget deficit in 2012-2015 is expected to come in at around EUR 6-7 billion. If central government debt continues to increase as predicted throughout the planning period, it will reach around EUR 108 billion by 2015, or 48% of GDP.

The 2012 budget proposal and the revised spending limits are based on forecasts set out in the Ministry of Finance Economic Survey.

Economic Survey, October 2011

Budget review 2012

Language versions

• Lisätietoa 2012 talousarvioesityksestä ja valtiontalouden kehyksistä
  05.10.2011
• Ytterligare information om budgetpropositionen för 2012 och ramarna för statsfinanserna
  05.10.2011

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