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Finnish ruling coalition agrees 2024 budget with deficit set to rise

Finnish ruling coalition agrees 2024 budget with deficit set to rise
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Finnish ruling coalition agrees 2024 budget with deficit set to rise

HELSINKI (Reuters) - Finland's ruling centre-right coalition has agreed on a 2024 budget bill that will see the government deficit widen 35% to 11.5 billion euros ($12.28 billion) next year, Finance Minister Riikka Purra said on Tuesday.

Finnish ruling coalition agrees 2024 budget with deficit set to rise

Finland's ruling centre-right coalition has agreed on a 2024 budget bill that will see the government deficit widen 35% to 11.5 billion euros ($12.28 billion) next year, Finance Minister Riikka Purra said on Tuesday. Prime Minister Petteri Orpo, who took office in June vowing that his government would cut deficits, said the economic outlook had become increasingly gloomy. "With the latest forecasts the economic situation has further worsened which will result in lower tax income in the future," Orpo told a news conference, adding that his government had taken decisions without which spending would have run even higher.

Finland s center-right government survives no-confidence vote over 2 right-wing ministers

Finland’s center-right government that includes nationalist and anti-immigration lawmakers survived a no-confidence motion from three opposition parties on Friday over two ministers from the right-wing populist Finns Party at the center of a racism scandal that has rocked the Nordic country. Debate ahead of the vote focused on writings from 2008 and 2016 by Finance Minister Riikka Purra, leader of the Finns Party, and Economic Affairs Minister Wille Rydman, a member of the same party, which were deemed racist. The opposition, particularly the Social Democratic Party, criticized Orpo’s government for not distancing itself enough from Purra’s and Rydman’s writings and not doing enough to tackle discrimination and racism in Finland, a country of 5.5 million that became NATO's 31st member in April.

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