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Thu, 29 Jan, 2015 12:10:40 AM
FTimes – STT Report, Jan 29

Leaders of the country’s four major political parties agreed on Wednesday that adjustments to the national economy should be carried out immediately at the beginning of the next government term.

Kokoomus (National Coalition Party) Chair and Prime Minister Alexander Stubb, Suomen Keskusta (Centre Party) chief Juha Sipilä, Perussuomalaiset (Finns Party) chief Timo Soini and Suomen Sosialidemokraattinen Puolue (Social Democratic Party of Finland-SDP) Chair and Finance Minister Antti Rinne arrived at the consensus at a panel discussion organised by the Confederation of Finnish Industries (EK).

Keskusta chief Sipilä, however, was different when it came to the amount of cuts.

Sipilä proposed two billion euros in savings. But Stubb said the amount is insufficient and proposed 5-6 billion euros in savings.

Rinne, however, did not quote any figure.

Both Stubb and Sipilä did not rule out anything when the incoming government will be looking into cuts.

According to Soini, people with an income of less than a thousand euros should be left out of the list of cuts.

Earlier, a number of economists recommended that the next government should embark on measures aimed at attaining fiscal balance as soon as possible.

The Finnish Economic Policy Council also recommended further adjustments of public finances for the period of 2017-2018.

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