4 September 2024

The Finnish Government is Unanimous on Fixing the Country's Economy

The Finnish economy is in poor condition for many reasons. However, the situation is about to change, as the government formed by the political right has decided to address the issue.

This is despite the fact that the opposition, led by the left, has done everything in its power to sow discord among the government parties. One party has been accused of racism, and another of favoring the wealthy. And so on.

Nevertheless, the relations between the governing parties seem to be working, as evidenced by the fact that a budget meeting planned for two days only took one day. And there is no doubt that the outcome will have economic impacts on the lives of ordinary Finns.

The government's decisions were varied. First of all, changes were made to taxation so that low- and middle-income people will have more of their salary left for personal use than before. On the other hand, spending was directed toward essential expenses, and therefore, significant cuts were made to less essential items, such as development aid.

Despite these decisions, Finland's economy will not turn around overnight. However, over time, especially the structurally important budget changes, such as better support for business innovation, will take effect and lift Finland's economy out of its current decline.

It is also certain that the political green-left will not stop offering socialist solutions. And if they come to power in the 2027 elections and undo the continuity of the decisions now made, Finland will face an even more challenging future than the present.

That is why it is important for voters to understand this and refrain from disrupting the positive progress that is currently underway. Personally, I believe in that.



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