Government submits third supplementary budget proposal for 2026 to Parliament

The Government proposes increasing the revenue estimate by EUR 585 million and the tax revenue estimate by EUR 1,058 million. The new estimate is based on the macroeconomic forecast published by the Ministry of Finance in September and the latest accrual data. The proposal includes increases in revenue from earned income and capital income taxes (EUR 316 million), corporate income tax (EUR 221 million), inheritance and gift taxes (EUR 330 million), value-added tax (EUR 294 million) and pharmacy tax (EUR 6 million). The proposal includes reductions in revenue from excise duties (EUR -108 million) and tax at source on interest (EUR -21 million). An increase of EUR 438 million is proposed to the estimate of miscellaneous revenue. The proposal includes a EUR 911 million reduction to central government dividend income, capital repayments and revenue from the sale of shares. The reduction is due to timing changes related to the funding of the Government’s investment programme. A total of EUR 3.4 million is proposed for the Finnish Food Authority, the Finnish Wildlife Agency and expenses from veterinary services and animal disease prevention to combat African swine fever. The proposed ...