What happened
The Finnish Government has submitted its third supplementary budget proposal for 2026 to Parliament. The proposal includes an increase in the appropriation requirement of EUR 139 million and an increase in actual revenue of EUR 585 million, which will reduce the central government's net borrowing requirement by EUR 446 million.
The proposal also includes increases in revenue from various taxes, such as earned income and capital income taxes, corporate income tax, and value-added tax. Additionally, it includes a reduction in revenue from excise duties and tax at source on interest.
The proposal allocates funding for various purposes, including EUR 3.4 million to combat African swine fever, EUR 80 million for the procurement of AI gigafactory capacity, and increases in budget authorities for defence-related procurements.
Other changes in the proposal include urgent funding for farmers due to financial viability challenges arising from the crisis in the Middle East and adjustments to budget authorities for various purposes.
