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Finnish government agrees on 2018 budget deficit target of 2.96 bln euros
August 31, 2017 / 10:24 AM / 3 months ago

Finnish government agrees on 2018 budget deficit target of 2.96 bln euros

HELSINKI, Aug 31 (Reuters) - Finland’s centre-right government said on Thursday it had agreed on a 2018 budget of 55.7 billion euros ($66 billion) and a budget deficit target of 2.96 billion euros.

The deficit goal is lower than the 3.4 billion proposed earlier by the finance ministry, and well down from 5.4 billion this year.

Finland, a euro zone member, is returning to growth after years of stagnation due to a string of problems, including rigid labour markets, the decline of Nokia’s former phone business and recession in neighbouring Russia. ($1 = 0.8436 euros) (Reporting by Tuomas Forsell; Editing by Hugh Lawson)

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