Finland's coalition parties agree spending boost: media

The five Finnish parties in talks to form a new government plan to increase public spending by 1.2 billion euros over four years, Finland’s largest daily Helsingin Sanomat reported, citing unnamed government sources. The election-winning Social Democrats and four smaller parties have been in talks since April’s general election to agree a joint programme for their planned coalition. Social Democrat Antti Rinne, who is likely to be Finland’s next prime minister, said the parties had been able to agree on financial measures for the new government but did not reveal any figures or details. According to Helsingin Sanomat’s sources, Rinne’s coalition is planning to increase permanent public expenditure by €1.2 billion euros over its four-year term, with a higher figure for non-recurring new spending. Tax hikes, mostly to excise and environmental duties, to bring in an additional 700 million euros, had reportedly already been agreed by the parties. - Reuters -



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