National Audit Office of Finland

The amount of energy aid has multiplied since 2018. The diversity of objectives and the lack of systematic monitoring undermine the effectiveness of the aid. The broad guidelines have made it possible to apply the aid criteria inconsistently.

The implementation plan for Finland's public international climate finance, drawn up by the Ministry for Foreign Affairs in 2022, is no longer in effect, and it was not implemented to any significant extent. Many of the recommendations presented in the external evaluation of climate finance commissioned by the Ministry in 2023 remained without an implementation decision.

Statutory disclosures had not been filed on all external contributions received by political parties and party associations. A large number of retroactive disclosures were filed during the audits.

The EU's fiscal rules were recently reformed due to significant shortcomings in the previous fiscal framework. Now it seems very uncertain whether the new framework provides decisive help in tackling the challenges.

The seminar organised by the National Audit Office's fiscal policy monitoring function on 13 February 2025 discussed how the EU fiscal policy rules, reformed in 2024, function. In this blog post, I will go through the logic behind the rules.

The reform of the EU fiscal rules is complete, but will it solve the debt sustainability challenges or add more complexity? A seminar organised of the National Audit Office of Finland (NAOF) brought experts together to assess the impacts of the reformed EU rules on fiscal policy at both the EU and national level.