In 2011, the duties and role of the State Treasury in handling central government pensions were further investigated. Pension functions for individuals were transferred to Keva as of the beginning of 2011. The State Treasury was the first to implement the Kieku data system, at the beginning of 2011. The next stage involved linking all government agencies as users of one and the same system. Pilot projects in two accounting units were launched in 2011.

In 2011, the State Treasury organised a competitive tender for the central government’s payment transaction and invoice forwarding service for the period 2012 to 2019.


In spring 2012, the Ministry of Finance and the State Treasury signed a new strategy based on the Treasury’s new core processes. This strategy was confirmed as being in effect for the term of government at the time. Instead of our earlier organisation-oriented approach, this strategy was derived from service processes. As a natural continuation for the strategy, an organisational reform was implemented at the turn of the year.

In 2012, the gross borrowing of the Finnish government amounted to EUR 18.4 billion. Finland received the top AAA credit rating from all three major credit rating agencies, together with a stable outlook evaluation.

The principal provider of payment transaction services for Finland was replaced on 1 December 2012.


The Public Service Info was introduced in Kouvola in November. The service helps citizens to find the right authority when they need to access public services. Citizens may ask e.g. about the opening hours and contact information for government agencies and about which authority handles a particular matter. Customers are also provided with support in using the e-services of different authorities.

At the beginning of 2013, the government employers’ pension insurance matters – insurance matters pursuant to the State Pensions Act (VaEL) and actuarial and statistical functions related to VaEL pensions – were transferred to Keva. This marked the end of the State Treasury’s decades-long service as the government pension institution.

In 2013, the number of Kieku users surpassed the 10,000 mark as ten accounting units and three funds introduced the Kieku solution, implemented by the Treasury for central government.


The Government IT Shared Service Centre (VIP) had been part of the State Treasury for a period of five years until the spring of 2014, when it was transferred to the core of the new Government ICT Centre, Valtori.

In the autumn of 2014 the Parliament passed a law which centralised most of the claims for compensation addressed to the state to be processed by the State Treasury from the beginning of 2015.

The core aspects of our internal development efforts were connected with the digitalisation of our basic functions. In the processing of loans as well as in compensation, our goal was to renew, in accordance with a quick schedule, the handling processes in digital format and thereby both improve customer service and promote productivity.In 2014, the digitalisation of the entire State Treasury case management was launched, which was the basic prerequisite for the completion of the digitalisation of basic functions. The State Treasury was rapidly transforming into a Digital State Treasury.


What was 2015 like for the State Treasury? Journalist Heidi Finnilä interviewed Timo Laitinen, Director General of the State Treasury. In Timo Laitinen’s vision, digitalisation and mobile services will mean that in the future, public administration services can be found in the citizens’ pockets (5:39).


Journalist Marko Erola interviewed Timo Laitinen, Director General of the State Treasury. Did the investigation into digitalisation carried out by the State Treasury produce anything concrete or were the issues raised just good intentions? According to Timo Laitinen, “they really are not just intentions.”(6:03)


“This time is a particularly good time to be developing public government, as digitality is changing everything.” This is how Director General of the  State Treasury Timo Laitinen summarises his sentiments about 2017. Interview by journalist Marko Erola. (6:50)


“What went on in the State Treasury in 2018?”, asks Director General Timo Laitinen and sets out to ask around in the video. (4:59)

2018 in figures at the State Treasury (in Finnish, 1:14):


In 2018, an external working group on central government debt management, which was appointed by the Ministry of Finance, published its recommendations for reforming the central government’s debt management. In 2019, the Ministry of Finance decided on a solution that did not address the current organisational model for debt management. The development in the productivity of the central government’s financial administration was rapid and began to approach a level that could be considered optimal for the central government. The final central government accounts were completed earlier than in the previous year, thanks to a newly introduced central bookkeeping solution implemented in Kieku. The digitalisation of the central government’s compensation functions, the utilisation of software robotics, and the integration of information systems into the National Incomes Register progressed as planned.

To read more about the annual report and figures for 2019, see the final accounts prepared by the State Treasury.

Final accounts 2019 (in Finnish)