Finnish government unveils €1.6bn in new spending cuts, €1.4bn in new tax hikes

THE GOVERNMENT of Prime Minister Petteri Orpo (NCP) on Tuesday announced it has agreed on 1.6 billion euros worth of spending cuts and 1.4 billion euros worth of tax increases as part of its effort to avoid triggering the excessive deficit procedure of the EU.

The measures were agreed on in the two-day framework session that concluded on Tuesday, 16 April.