VM’s Mikko Spolander tells STT that the misunderstanding was related to an ill-considered choice of words.
Treasury clarified in his communication at the weekend that was published at the end of April financial review about the forecast, which, according to VM, started a misconception in the news about the topic.
STT reported both in the news about the review on Thursday, April 25, and in the prime minister’s report published on Friday, May 3 Petteri Orpon (cook) in the interview In its financial review, the Ministry of Finance stated that the measures decided by the government in the framework crisis are not yet sufficient to reduce the increase in indebtedness.
STT’s news coverage was based on the wording of the foreword of VM’s review. In the foreword of the review published after the government’s framework dispute, VM says in the forecast that it will tell “how the government’s actions – previously decided and the most recent – will affect the economy and the deficit and debt of the public finances”.
After this, it is said that the economy will emerge from the recession, but that reducing deficits and reducing indebtedness “quickly require both more savings and tax increases from the government”.
Read more: Orpo dismisses the need for additional savings: “No, no and no”
VM’s department head of the national economy department Mikko Spolander told STT on Saturday in an interview and message service in X, that the ministry’s message has been misinterpreted and that the need for additional savings described the situation before the government’s rash decisions. According to Spolander, the misunderstanding was related to the choice of words.
“The key word in it is “demanding”. I wrote it in the past tense, and only later did I notice that the word “demanding” is of course the same in both the imperfect and the present tense. I admit that in this respect this is not formulated in the best possible way,” Spolander said.
The finance minister also denied the need for additional savings on Friday Riikka Purra (ps) In his X message. According to Purra, however, the situation can still change.
“However, there is hardly any buffer, and everything has to go smoothly. A lot depends on the development of the real economy, tax revenues, etc. If there are any surprises, we will have to re-examine the matter,” Purra wrote.
Spolander’s according to the government “heeded the message” and decided on measures to strengthen the public finances by around 3 billion euros by 2028.
“If the actions decided on in the government program and the campaign are implemented on the planned schedule and in the targeted scale, then the growth of the debt ratio will level off during the government term,” Spolander said.
According to the Ministry of Finance’s assessment, if the decisions made in the framework crisis and the actions of the government program are fully implemented, the debt ratio will settle at just under 83 percent of the gross domestic product at the end of the government term in 2027.
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