BOFIT Viikkokatsaus / BOFIT Weekly Review 2015/44
There are no plans at the moment to borrow nothing more than a tiny bit from the National Welfare Fund to finance the deficit (i.e. the situation remains similar to previous years). Under the latest budget proposal, the National Welfare Fund will still have assets corresponding to 6 % of GDP at the end of next year. It will also not be used very much to finance e.g. infrastructure projects or corporate support by acquisition of equity stakes. Possible investment in loans and shares do not alter the size of the fund, but remain on the fund balance sheet as receivables (although they extend maturities of receivables and may increase fund risk).