|
Wed, 12 Aug, 2015 12:39:21 AM FTimes- STT Report, Aug 12  Finance Minister Alexander Stubb spoke at the 2016 budget negotiations in Vantaa on Tuesday, August 11, 2015. Photo Lehtikuva. Finance Minister Alexander Stubb on Tuesday said the next budget is quite predictable.
The government has already agreed largely on the austerity measures and is likely to stick by the cuts agreed during the government negotiations.
Very little changes will happen within the precincts of the agreed savings cuts, said the minister during the Ministry of Finance budget session break on Tuesday.
Other ministries have also complied well with government programme policy in line with their budget targets.
Stubb, however, did not reveal straight forward how big the proportion of the saving cuts and tax hikes will be in the first year.
The government is also committed to overturn the debt cycle and put an end to living in indebtedness within six years.
The Ministry of Finance is preparing its budget draft on the bedrock of June’s economic outlook which forecast the economy to grow by 0.3 per cent.
According to Stubb, the budget altogether forms a small part of the overall picture of the economy which should be boosted by long-term structural reforms. One of the reforms, according to Stubb, is the social contract.
“Hopefully, I do not want to stand here next year with the same message that the budget is still tightening up, rather (speak of) a small light and a glimmer of hope,” Stubb said.
More News
|
|
Finland Times
| Sunday, 28 April, 2024 |
|
Copyright © 2024 All rights reserved
|
||||
