Prime Minister Petteri Orpo announced the conclusion of Finland’s two-day budget negotiations, which set out roughly €1 billion in savings through spending cuts and targeted tax measures.
Speaking at a press conference, Orpo said the budget had to be prepared in “a difficult economic climate,” balancing austerity with growth. The government will lighten taxation for all wage earners, while corporate tax relief will take effect from 2027 to spur investment.
At the same time, the government will increase funding for defence and security, reflecting rising geopolitical concerns. Orpo also highlighted a €30 million employment voucher for young people as part of measures to tackle youth unemployment.
According to the Prime Minister, the goal is to curb chronic debt growth while investing in employment, competitiveness and national security.
Source: Prime Minister Petteri Orpo, budget press conference, 2 September 2025.
