Purra: Finland likely to trigger EU’s excessive deficit procedure in 2024

FINLAND is likely to trigger the excessive deficit procedure of the European Union in 2024, views Minister of Finance Riikka Purra (PS).

“Finland is exceeding the limits for debt and deficit under both the old and new rules. The [budget] deficit will exceed the threshold rate of three per cent more clearly than expected in the autumn and will stubbornly stay on the uglier side of three per cent,” she was quoted saying by YLE on Wednesday.