Raising the central government borrowing authorisation
Government proposal to Parliament on amending the Government's borrowing authorisation
The maximum amount of central government debt will be raised from 170 billion euros to 205 billion euros. The increase ensures the central government's liquidity and smooth borrowing as indebtedness continues.
- Status
- Passed
- Submitted
- 23 May 2024
- Latest event
- 19 Jun 2024
- Votes
- 0
- Speeches
- 12
- Statute
- 374/2024
- Source
- eduskunta.fi ↗
What is proposed
The Government's authorisation to incur central government debt will be raised from 170 billion euros to 205 billion euros, and at the same time the ceiling for short-term borrowing of up to 12 months included within it will be raised from 29 billion euros to 35 billion euros from 1 July 2024.
What it means
The amendment ensures sufficient leeway for the State Treasury and the Ministry of Finance to manage central government fundraising and debt management without disruption. The previous authorisation was estimated to be reached in autumn 2024, and the new maximum limit is estimated to suffice to cover central government financing needs until 2027.
How Parliament voted
The bill passed without a vote – no MP proposed rejecting or amending it in plenary.
Debate in the chamber
What was argued and where each group stood, followed by MPs' speeches verbatim from the parliamentary record. Speeches are shown in their original language.
12 speeches · 5 speakers · 2 debates
Key points of the debate
The debate addressed raising the central government borrowing authorisation to 205 billion euros to secure central government liquidity as indebtedness continues. The proposal met with unanimity in the chamber and was considered a necessary measure. Speeches considered the management of the central government debt structure, interest rate risks, and means to boost Finland's economic growth.
- How central government debt structure and interest rate risks should best be hedged
- What means can be used to achieve economic growth that halts indebtedness
- National Coalition PartyIn favour
Indebtedness reflects prolonged weakness in the economy and exports, and at the same time the debt structure and the potential to utilise domestic savings in government bonds should be evaluated.
”Kysyn ministeriltä, pitäisikö meidän palata siihen vanhaan maailmaan, että oli valtionobligaatioita ja kansalaiset voisivat niitä ostaa.”
— Markku Eestilä - Finns PartyIn favour
Raising the authorisation is necessary to ensure central government liquidity, the refinancing of maturing loans, and the cost-effectiveness of debt management.
”Uusi lainanottovaltuus turvaa valtion velanhallinnan sujuvuuden ja kustannustehokkuuden.”
— Wille Rydman - Swedish People's PartyIn favour
Raising the authorisations is a reminder of the scale of indebtedness and highlights the need to invest in investments, research and development, and the export industry.
”Joten tekemällä oikeita asioita kyllä tätä velkaakin, ainakin jollain tasolla sen nousun tahtia, saadaan vähän jarrutettua.”
— Joakim Strand - Social DemocratsIn favour
This is a necessary technical measure to ensure debt servicing, but more detailed information on central government debt interest rate levels, loan maturities, and hedging was sought to support decision-making.
”Tässä ollaan tietyllä tavalla teknisen asian äärellä, mutta tässä kerrotaan hyvin, minkä takia lainanottoa tarvitaan lisää.”
— Lauri Lyly
This digest was generated by AI from 12 speeches 13 Sep 2026. Group positions are read from the speeches, not from votes; quotations were checked verbatim against the record.
Keskustelu päättyi. Asia lähetettiin valtiovarainvaliokuntaan.
Keskustelu päättyi. Eduskunta hyväksyi lainanottovaltuudet mietinnön mukaisina. Asian käsittely päättyi.
Stages of consideration
The bill's path from the preliminary debate to the decision, as recorded by Parliament.
- 23 May 2024Eduskuntakäsittelyn vireilletulo · Valtiovarainministeriö
- 28 May 2024Lähetekeskustelu · Täysistunto
- 7 Jun 2024Valiokunnan mietintö tai lausunto · valtiovarainvaliokunta
- 11 Jun 2024Ainoa käsittely · Täysistunto
- 18 Jun 2024Eduskunnan vastaus ja kirjelmä
Decisions by law proposal1
- Valtioneuvoston lainanottovaltuuden muuttaminenHyväksytty · 374/2024
Proposed law text
The law proposals in the bill as the Government presented them. The final act may differ after committee consideration.
The law text is shown in Finnish or Swedish from Parliament's official documents; it is not translated into English.
Main content of the bill (official)
The summary and title were produced with AI on 13 Sep 2026. They are not official documents – check the details in the original bill. The title and summaries are machine translations of the Finnish AI summaries. Speeches and quotations are always shown in their original language.