Parties back €8–11bn debt brake plan, Left Alliance opts out

The cross-party working group on fiscal policy published its report in Parliament on Wednesday. The group sets an average deficit target of around 3 per cent of GDP for 2027–2033, with a more precise goal of 2–2.5 per cent in 2031. The Ministry of Finance forecasts a general government deficit of 4.5 per cent in 2026. In 2024, the deficit stood at 4.4 per cent. Finland’s debt-to-GDP ratio is projected to rise to 91.6 per cent next year. Under EU rules, the reference level stands at 60 per c...