The Finnish government on Tuesday announced a record-high supplementary budget of 5.5 billion euros (6.16 billion U.S. dollars) to counteract the impact of the coronavirus pandemic, Finance Minister Katri Kulmuni said.
With this budget, the debt taken by the government this year increased to 18.8 billion euros (21.04 billion dollars), Kulmuni said at a press conference.
The government also decided to extend the target timing of stabilizing the ratio between public debt and gross domestic product from 2023 to 2030, Kulmuni said, adding that the longer time frame would ease the pressure.
The senior official said Finnish universities will be authorized to add 4,800 students to this year’s enrollment.
According to the Finnish Institute for Health and Welfare, Finland confirmed a total of 6,887 COVID-19 infections by Tuesday afternoon, with 320 virus-related deaths and at least 5,500 recoveries.
The country reopened restaurants and cafes on Monday, with opening hours shortened and capacity of service halved. The new restrictions are supposed to stay until the end of October.