Finland plans €12.9bn deficit in 2027 budget

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Finland’s finance ministry has proposed a €92.2 billion state budget for 2027, leaving a €12.9 billion deficit despite stronger growth and higher tax revenue.

Finance Minister Riikka Purra presented the plan on Tuesday after internal budget talks in Espoo.

The proposal will form the basis of the government’s negotiations on 1 and 2 September.

The state expects revenue of €79.4 billion before borrowing.