On 30 August 2012, the Finnish Government agreed on the budget
proposal for the year 2013. The expenditures amount to
approximately 54 billion euro which exceeds the previous regular
budget by 1.6 billion euro. The budgetary deficit is approximately
7 billion euro, which is estimated to increase the overall amount
of state debt to circa 96 billion euro. The Government aims to
maintain the highest credit rating available. In addition to tax
increases, the proposal also aims at stimulating growth by
introducing some special tax incentives.
According to the budget proposal, tax revenues for the year 2013
equal approximately 40 billion euro which is roughly 2 billion euro
more than the estimated amount for the year 2012; and nearly 4
billion euro more than during the year 2011. All in all, tax
revenues account for 85 % of all on-budget revenue. The largest tax
receipts are taxes based on turnover, nearly 18 billion euro, i.e.
over 40 % of the overall tax revenue. Among
