What’s new

According to the OECD, the fiscal policy monitoring at the NAOF has had a positive impact on the fiscal framework in Finland.

The NAOF's fiscal policy monitoring team has brought a regularly updated business cycle heatmap to the NAOF's website. The heatmap gives a real-time picture of the Finnish business cycle. The NAOF utilizes the heatmap in its fiscal policy analyses. You too can now utilize it to get a picture of the business cycle!

The National Audit Office (NAOF) emphasizes that it is important to adhere to the spending limits for central government finances. The NAOF has audited the functioning of the spending limits system and published its spring fiscal policy monitoring assessment.

The activities of the National Audit Office of Finland (NAOF) are currently being investigated both internally and externally.

Environmental considerations are finding their way into fiscal and financial policy. The reason is obvious. Climate change, biodiversity loss and other similar global problems also pose a significant risk to the economy and its functioning.

The state regulates mining operations in many ways, and a variety of different permits are required for mining. In connection with mines, reference is often made to a “social licence to operate”, which aims at preventing conflicts between the mine and local people.

Finland has mainly succeeded well in safeguarding its security of supply during the Covid-19 pandemic. The most significant problems were related to the availability of protective equipment used in healthcare at the early stages of the pandemic. In other sectors of key importance for security of supply, Finland has managed to prevent disruptions.

The database used in the steering of the finances of healthcare and social welfare is compiled through different channels, and the process is developed from different directions. The Ministry of Finance and the Ministry of Social Affairs and Health should ensure that the process for producing financial data on municipalities and joint municipal authorities is steered as a whole.