The proposed coalition would include the far-right Finns party, as well as the Christian Democrats and the Swedish People's Party of Finland.

Orpo cited the need for the new government to tackle difficult economic challenges, such as budget cuts and financial reforms, as Finland seeks to address rising state debt and inflation.

Talks with potential coalition partners are expected to begin next week and conclude in June, with the formation of a government program for the next four years.

The election, which saw a shift in voters' allegiances towards right-leaning parties, was largely fought over economic issues.

As a NATO member, Finland will also need to increase its defense spending, posing an additional challenge for the new government as it grapples with mounting debt. (ILKHA)