Day: April 4, 2024

Structural reforms needed in the budget framework session – an efficient market improves consumers' purchasing power  

The budget framework session offers the last chance to make the necessary structural reforms in order to improve state finances and consumers' purchasing power, says the Finnish Commerce Federation. The general VAT rate should not be increased as this would heavily affect domestic specialty goods trade and low-income households, in particular, by weakening purchasing power. RDI funding should also be reformed and directed to the trade sectors.