# Finnish government 2027 budget proposal > Live situation record from CLSTR: https://clstr.news/situations/finnish-government-2027-budget-proposal > Updated: 2026-09-22T09:43:54.000Z. Sources: 11. Developments: 2. The Finnish government, led by Prime Minister Petteri Orpo, has finalized its 2027 budget proposal, which projects a 12.4 billion euro deficit. The plan includes reducing the corporate tax rate from 20 percent to 18 percent and providing tax relief for low and middle-income earners. To manage costs, the administration intends to implement 4.8 billion euros in direct spending cuts and nearly one billion euros in debt-curbing measures, alongside increases in alcohol and tobacco taxes. Finance Minister Riikka Purra has defended the proposal in Parliament, citing positive economic indicators such as a rise in employment by over 30,000 people. Purra stated the policies aim to be entrepreneur-friendly and intended to put “more money in the hands of the worker.” The budget has met with mixed reactions. While some industry groups welcomed the corporate tax incentives, others expressed concerns regarding logistics competitiveness and the need for stronger growth measures. Opposition parties, including the Centre Party and the Left Alliance, have criticized the plan, arguing it favors the wealthy and could potentially weaken public finances or accelerate national debt. ## Timeline ### 2026-09-22: Riikka Purra defends Finnish government's 2027 budget proposal Finance Minister Riikka Purra defended the Finnish government's 2027 budget, citing rising employment and growth, while opposition leaders criticized the plan for increasing debt and favoring the wealthy. 2 sources. https://clstr.news/cluster/riikka-purra-defends-finnish-governments-2027-budget-proposal ### 2026-08-31: Finland government finalizes 2027 budget with corporate tax cuts Finland's Orpo government has finalized a 2027 budget featuring a 12.4 billion euro deficit, corporate tax cuts from 20% to 18%, and tax relief for low-to-middle income earners. 10 sources. https://clstr.news/cluster/finland-budget-negotiations-face-calls-to-protect-education-and-research-funding --- Cite as: Finnish government 2027 budget proposal. CLSTR, https://clstr.news/situations/finnish-government-2027-budget-proposal