National Audit Office of Finland

In the removal of incentive traps, unemployment, income, bureaucracy, and information traps should be examined as a whole. The expertise of the implementers and the existing knowledge base should be utilized as widely as possible in the legislative drafting.

The interest expenses paid by the state on central government debt in 2020 amounted to approximately EUR 900 million. It is crucial to further develop and assess the interest rate risk strategy. In order for crisis resilience to be improved, it is important to strengthen risk management and to invest in ICT and human resources.

The Government has strengthened the steering of sustainable development, and sustainable development is now more strongly integrated into the Government Programme and Government-level documents. Ministries do not yet have models in place to assess compliance with sustainable development in their own policy-making process.

In its audit published earlier this year, the National Audit Office of Finland (NAOF) found that Finland does not have a published plan regarding the amount, allocation, and effectiveness of the increasing climate finance.

The coronavirus and the Covid-19 pandemic have had a fundamental impact on central government finances in 2020 and in 2021.

The National Audit Office of Finland is currently chairing the WGEA - Working Group on Environmental Auditing.