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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
FINLAND
Senior figures in Finland's incoming right-wing gov't have been speaking on what some of their main priorities will be. Head of the centre-right National Coalition Party (Kok) and incoming PM Petteri Orpo states that the incoming gov't, 'Aims to add 100k people to the workforce...will invest EUR3bn in infrastructure in total over four years. Finnish outlet Yle describesthe new gov't as 'the most right-wing after the [Second World] war if economic policy is used as the basis of assessment.'
- Head of the right-wing nationalist Finns Party Riikka Purra, whose party will be the second-largest in the coalition, has stated that the 'criteria for getting a permanent residence permit and citizenship will become stricter.' Purra:'Finland will not give development aid to gov'ts that support Russian war in Ukraine'.
- The gov't program will see some public assets privatised and 'will cut tax income by EUR405mn'. A balancing of the books following the significant ramp up in gov't spending and debt during the pandemic and following the Russian invasion of Ukraine was seen as a key selling point of Orpo's Kok in the April election.
- National Coalition and the Finns Party will sit alongside the social conservative Christian Democrats and the minority interest Swedish People's Party in gov't. The gov't will hold 109 seats in the 200-member parliament.
Chart 1. Finnish Parliament (Seat Change at April Election)
Source: Election Commission
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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