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Thu, 22 Sep, 2016 12:05:40 AM FTimes – STT Report, Sep 22  Prime Minister Juha Sipilä. File Photo – Lehtikuva. Prime Minister Juha Sipilä on Wednesday rejected recommendations made by the Danske Bank to make more public investments through additional borrowing.
“This has been done in Finland for a long time. If you bring the debt interest rate someday to a normal level, there will certainly be billions of euros leftover in the state budget,” Sipilä told reporters at the Great Tax Day event.
Danske Bank Chief Economist Pasi Kuoppamäki on Tuesday presented the bank’s economic outlook review, suggesting that Finland could make investments with borrowed money, for example, to facilitate new road infrastructure, or research and development.
The prime minister said the government has been considering whether to increase funds for research and development, but not through borrowed money.
“This is the kind of balance we are seeking. When the employment rate rises, we can return to these issues,” Sipilä said.
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