Orpo’s fiscal tightening raises Finland’s public debt ratio, says new report

According to a researcher at the Finnish Institute for Health and Welfare, poverty has increased, and the cuts could increase the number of poor people by 100,000.

Orpo’s fiscal tightening raises Finland’s public debt ratio, says new report

A new economic analysis claims that the Finnish government's current fiscal tightening programme is weakening economic growth and raising the country’s debt-to-GDP ratio. The report, published by the Centre for New Economic Thinking (UTAK), focuses on the consolidation policies of Prime Minister Petteri Orpo’s administration. It concludes that the austerity-driven economic strategy is not achieving the intended goal of debt reduction.

At a party board meeting, the chairman of the Coalition Party, Prime Minister Petteri Orpo, stated that the Coalition Party will continue on the same line as it has so far, despite the election loss.

According to a recent study by the Center for New Economic Thinking (UTAK), the economic policy of the Petteri Orpo government is leading to a significant weakening of economic growth and increasing the public debt ratio.

Utak: “The government's adjustment measures will weaken domestic demand very strongly.” The economic policies of the Petteri Orpo (CoC) government lead to a significant deterioration in economic growth and increase the public debt ratio, says a report by the Centre for New Economic Thinking (Utak). The report was written by Utaki's Executive Director Lauri Holappa, Soste's Chief Economist Otto Kyyrönen and STTK's Chief Economist Patrizio Lainà.