[1] Urho Kekkonen of the Agrarian League had served as Prime Minister since March 1950, after losing the February 1950 presidential election to President Juho Kusti Paasikivi.

The rationing of goods was ending gradually and the war reparation payments to the Soviet Union were to be completed by 1952.

Prime Minister Kekkonen sought to reduce inflation by persuading the employers' organizations and labour unions to refrain from wage increases for the time being.

The People's Party of Finland had been formed as the Progressives' successor, and this fresh start can have contributed to its five-seat gain.

He introduced a new economic stabilization programme, which tied the prices and wages to an automatic full compensation.