Prime Minister Petteri Orpo's (NCP) four-party governing coalition met on Tuesday for its second annual budget negotiation.
On Tuesday afternoon, the government said that initial work on the budget was complete and that ministers would hold a press conference about the plan in the evening.
The government's proposal for the 2025 state budget is scheduled to be submitted to Parliament on 23 September.
MPs will then debate the plan over the autumn, and vote on amendments proposed by the opposition before Christmas.
Taxes are expected to rise and spending cut as the government looks to try and reduce state spending deficits.
A 1.5 percentage point increase in VAT was brought in this month, and will cut consumer spending power, while next year taxation of sweets and tobacco products will increase and the tax credit for household expenses will be cut.
Spending on social and healthcare services will increase, while funding for NGOs in the sector will drop by around a fifth.
Funding for wellbeing services counties and municipalities is expected to enter the political debate, as there are elections for both in 2025.
Government parties seek agreement
The talks this week are intended to find agreement between the four government parties (the National Coalition, the Finns Party, the Christian Democrats and the Swedish People's Party) on the budget for next year.
The four parties' coalition talks were long and arduous, but they found common ground on fiscal discipline: trying to reduce Finland's borrowing.
The goal has slipped further and further out of reach, however, with the first budget framework talks in April ending with the state taking on new debt as the economic situation had deteriorated.
Finance Minister Riikka Purra (Finns) has written her second budget proposal based on the government programme and the decisions made in April's framework agreement.
The budget includes a 12.2 billion euro deficit, and there could be further austerity measures or extra borrowing next year if the economic situation worsens.
Capital spending on infrastructure projects is one way the government hopes to boost economic growth, with the hotly-contested proposal to build a new high-speed western rail line between Helsinki and Turku hanging in the balance.
Users with an Yle ID can leave comments on our news stories. You can create your Yle ID via this link. Our guidelines on commenting and moderation are explained here.