Government negotiators ready for new tax rises | Finland |
The six party chairs involved in the talks have agreed that the new government will ensure that the state budget balances. If the deficit gets too large, the government will decide annually on new tax increases or spending cuts.
The negotiators have agreed that Finland’s good credit rating should not be endangered in any circumstances. If government debt as a proportion of GDP does not fall, or if the deficit rises above one percent of GDP, the new government will be prepared to tighten its belt each year.