2019 Draft Budgetary Plan

Abstract

Under Regulation (EU) No 473/2013 of the European Parliament and of the Council (Regulation on common provisions for monitoring and assessing draft budgetary plans and ensuring the correction of excessive deficit of the Member States in the euro area), euro area Member States are required to submit their draft budgetary plans (DBPs) for the forthcoming year to the Commission by 15 October. The DBPs are part of the coordinated surveillance exercise that takes place in the autumn. The DBP should allow the identification of any deviations from the general government finances strategy presented in the most recent Stability Programme. The DBP contains information on macroeconomic forecasts and assumptions, targets for general government finances, expenditure and revenue projections under the no-policy-change scenario, expenditure and revenue targets, discretionary measures included in the budget proposal, the goals of the European Union’s strategy for growth and jobs and Country Specific Recommendations, a comparison between the DBP and the most recent Stability Programme, and an appendix on methods. Finland’s 2019 Draft Budgetary Plan is based on the Government’s budget proposal for 2019 submitted to Parliament on 17 September 2018, which for the most part is based on the spring 2018 spending limits decision, the 2018 supplementary budget and the 2019 programme for local government finances.