Finland: 2008 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Finland.
Electronic Access:
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Summary:
Finland’s 2008 Article IV Consultation shows that spillovers from the global turmoil are adversely affecting activity and may weaken the financial system. From a cyclical perspective, a fiscal structural loosening is warranted. Its effectiveness in Finland’s small, open economy would be limited in the absence of an EU-wide fiscal package. The authorities have been confident that an EU-coordinated budget expansion is in the works. There has been agreement that loosening should be designed to minimize damage to long-term fiscal sustainability.
Series:
Country Report No. 2009/039
Subject:
Capital spending Current spending Expenditure Oil prices Prices Revenue administration Tax administration core functions
English
Publication Date:
February 4, 2009
ISBN/ISSN:
9781451813302/1934-7685
Stock No:
1FINEA2009001
Pages:
85
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