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Economic Development and Planning Division

Pohjoisesplanadi 15-17
00170 Helsinki
P.O. Box 20, 00099 City of Helsinki
+358 9 310 1641
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City of Helsinki Budget for 2020

How is the city's budget created?

Presented in the budget are the development goals for city functions and an account of how the operations and investments will be financed. The starting point for the drawing up of the budget lies in the financial goals of the 2017 - 2021 city strategy. Click here for more details on Helsinki's 2017 - 2021 strategy.

An investment examination is worked out in Helsinki for ten years in connection to the budget work. The budget includes task- and project-specific operational objectives, appropriations and revenue estimates.

The City Council decides on the binding level of the department goals annually in connection to the budget work. Only the Council can alter the contents of the budget during the year. The completion of the objectives established in the budget is followed up on and the City Councillors are notified on the progress.

What does the annual budget process look like?

The mayor prepares the budget proposal annually for the next calendar year and the economic plan for the next three years.

The City Board discusses the budget proposal twice in October. The City Council then discusses the budget proposal twice in November. On the first occasion, the City Council decides on the local taxes and property tax for the next year. The budget will be approved in the seccond meeting. The City of Helsinki 2020 budget was passed on 27 November2019:

Because Finland's official languages are Finnish and Swedish, the budget is published in Finnish and Swedish only. Annual reports, however, are also published in English. Click here to find out the latest budget news in English.

To learn more about the 2020 budget in Finnish and Swedish: 

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