The draft budget includes new adjustment measures by Minister of Finance Riikka Purra. The overall spending included in the draft budget is EUR 89.6 billion in total. The draft budget shows a deficit of EUR 9.9 billion, when excluding a one-off revenue entry item from the National Housing Fund.

The Ministry of Finance's draft budget for 2026 implements the guidelines of the Government’s spring mid-term policy review and includes the Minister of Finance's new adjustment measures proposed by the Minister of Finance to ensure that the debt ratio stabilises towards the end of the parliamentary term. The draft budget totals EUR 89.6 billion and involves a deficit of EUR 9.9 billion. When entering as revenue a one-off revenue item from the National Housing Fund, the deficit amounts to EUR 7.6 billion.

On Friday 25 July, the Fitch credit rating agency lowered the rating of Finland’s central government debt by one grade from AA+ to AA. Finland’s outlook is now rated as stable.

Timetable for the preparation of the budget proposal:

• 6 August: Budget session at the Ministry of Finance
• 8 August: The Ministry of Finance will submit its proposal to the Ministries and publish it at budjetti.vm.fi (in Finnish)
• 1–2 September: Government session on the Budget
• 22 September: A debate on the budget proposal will be held at an extraordinary meeting of the Ministerial Finance Committee and a government plenary session, after which the proposal will be published at budjetti.vm.fi (in Finnish).

Finland’s economy is recovering from recession, but trade disputes and uncertainty are delaying faster growth. Public finances are in dire need of a turnaround, as deficits remain deep and the debt ratio is threatening to rise above 90 per cent, according to the forecast published by the Ministry of Finance on 16 June.