Parliamentary elections were held in Finland on 19 March 1995.
The previous centre-right, non-socialist cabinet fell as the Social Democratic Party (SDP) made strong gains and achieved the best result of any party since World War II, winning 63 of the 200 seats in the Eduskunta. The main reason for the defeat of the Centre Party-led coalition was its unpopular austerity program and lingering effects of the early 1990s recession.
After the election, a five party "Rainbow Coalition" was formed, between the SDP, National Coalition Party, Left Alliance, Swedish People's Party and the Green League, with SDP leader Paavo Lipponen appointed Prime Minister.