The 2013 budget totals 53.9 billion euros, representing a deficit of 6.6 billion euros. State indebtedness will rise next year to 95 billion euros.
The budget blueprint will be published on Wednesday. Government will then debate the plan before passing it on to Parliament next month. Coalition parties ironed out the details of the budget last spring.
Earlier Urpilainen said that although economic growth next year would be slower than previously projected, there would be no dramatic changes in the government's fiscal programme.
Opposition call for recovery measures
In reaction to the budget, both opposition parties have demanded a braver stance from the Finance Ministry in dealing with the current financial situation.
Finns Party chair Timo Soini called for recovery measures instead of more belt tightening. He said the budget lacked substance for employment and industry. Soini added that the proposed increase in value-added tax (VAT) would hit low-income earners the most.
Centre Party leader Juha Sipilä commented that the government’s budget was built on sand. He noted it did not contain any measures to promote growth and warned that Finland could slip into recession.
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