 Among other proposals, the deflationary program aimed to remove the Finnish parents' family allowances for their first children, reduce income, sales and corporate taxes, cut the interest rate, and reduce wages by 10%.Finance Minister Juho Niukkanen (Agrarian League) presented an austerity budget to Parliament in September 1953, which proposed cutting all major government expenditures by 15%.The Social Democratic Party and People's Party of Finland opposed the austerity budget.