Economic Council
The Economic Council of Finland, chaired by the Prime Minister, is a body for facilitating co-operation between the Government, the Bank of Finland and major interest groups. The Economic Council aims to strengthen and deepen broad-based, analytical discussion prior to the taking of economic policy decisions relating to the growth, balance and structure of the economy.
Under a decision of Parliament, the Economic Council also acts as a forum for dialogue between the Government, the social partners and the Bank of Finland concerning the monetary policy of the European Central Bank. The Council participates in cooperation among the EU Member States' economic and social councils.
The issues discussed by the Economic Council relate to the following subject matters:
- Changes in Finland’s economic environment and the consequent challenges and difficulties to readjust.
- Efficient use of the resources of the national economy and ensuring medium and long-term competitiveness.
- Growth and employment policy in the short and medium term.
- The public sector and division of welfare.
The Economic Council has its meetings usually once a month. Studies and reports compiled for the Economic Council and expert introductions form the basis for the debate at the meetings. The discussions in the Council are confidential.