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VATT Institute for Economic Research

Economic research institutesMinistry of Finance (Finland)Research institutes in Finland
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The VATT Institute for Economic Research, previously the Government Institute for Economic Research, is a government agency in Finland. VATT is an acronym from VAltion (Government) Taloudellinen (Economic) Tutkimuskeskus (Research Institute). The research institute operates under the administrative domain of the Ministry of Finance.

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VATT Institute for Economic Research
Arkadiankatu, Helsinki Töölö (Southern major district)

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N 60.171796 ° E 24.930026 °
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Economicum

Arkadiankatu 7
00100 Helsinki, Töölö (Southern major district)
Finland
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Parliament of Finland
Parliament of Finland

The Parliament of Finland (Finnish: Suomen eduskunta [ˈsuo̯men ˈeduskuntɑ]; Swedish: Finlands riksdag [ˈfinlɑnds ˈriksdɑː(ɡ)]) is the unicameral and supreme legislature of Finland, founded on 9 May 1906. In accordance with the Constitution of Finland, sovereignty belongs to the people, and that power is vested in the Parliament. The Parliament consists of 200 members, 199 of whom are elected every four years from 13 multi-member districts electing 7 to 36 members using the proportional D'Hondt method. In addition, there is one member from Åland. Legislation may be initiated by either the Government or one of the members of Parliament. The Parliament passes legislation, decides on the state budget, approves international treaties, and supervises the activities of the government. It may bring about the resignation of the Finnish Government, override presidential vetoes, and alter the constitution. To make changes to the constitution, amendments must be approved by two successive parliaments, with an election cycle in between, or passed as an emergency law with a 167/200 majority. Most MPs work in parliamentary groups which correspond with the political parties. The Parliament currently comprises nine parliamentary groups. Since the establishment of the Parliament in 1905, the parliamentary majority has been held once by a single party: the Social Democrats in the 1916 election. Thus, for the Government to gain a majority in the Parliament, coalition governments are favored. These are generally formed by at least two of the three historically major parties: the Social Democrats, Centre, and National Coalition. Ministers are often but not necessarily MPs. The Parliament meets in the Parliament House (Finnish: Eduskuntatalo, Swedish: Riksdagshuset), which is located in central Helsinki. The most recent parliamentary election took place on 14 April 2019. The Social Democratic Party, the Centre Party, the Green League, the Left Alliance, and the Swedish People's Party cooperated to form the Rinne Cabinet, a centre-left coalition government. This was succeeded in December 2019 by the Marin Cabinet which is made up of the same parties.