Financial statement

Vantaa's economy is in strong deficit - balancing the economy has begun

The city's economy was in a strong deficit, as income fell significantly short of the projected income.  Vantaa's spending was implemented in accordance with the budget. 

In 2025, the city’s tax revenues decreased by over 2.8 percent compared to the previous year. The decline in tax revenues was due to the general weak economic situation, but especially to the high unemployment rates in Vantaa.  Unemployment rates have long been at record highs throughout the country – at the end of 2025, the unemployment rate rose to 14.9 percent in Vantaa.  

At the beginning of 2025, one of the biggest changes in the municipal sector took place, when the organization of employment and economic services was transferred to the municipalities.  In early 2025, Vantaa successfully welcomed 200 new employees and over 30,000 personal customers to employment services.  However, the weak employment situation has had a negative impact on Vantaa's economy, and costs have accrued, for example, from the municipal shares of labor market support.  

Vantaa's growth rate has clearly decreased: last year, the city's population grew by just over 2,000 people and fewer than 600 new apartments were completed, which is a record low. 

The largest investment in the history of Vantaa, the construction of the Vantaa light rail, began in November 2025.

Among the new building projects completed in 2025 were the expansion of the Kannisto school, the Kuusijärvi buildings, the expansion of the Kytöpuisto school, and the Mårtensdals bildningsrum daycare center.  Furthermore, among the renovation projects completed were the renovation of the main building of the Håkansböle manor and several school renovations. Meanwhile, of the group company's projects, the Vehkala campus of Vantaa Vocational College Varia was completed.

After a budget has been made, the city monitors how the goals and plans specified on a budget are achieved. The budget is regularly evaluated. Finally, the financial statements of a previous fiscal year are presented to the city council.