Ahti Karjalainen's first cabinet was the 47th government of Republic of Finland. Cabinet's time period was from April 13, 1962 to December 18, 1963. It was a majority government. Social Democratic Union of Workers and Smallholders left the government in October 1963.
| Prime Minister Ahti Karjalainen Johannes Virolainen, deputy | April 13, 1962 – December 18, 1963 April 13, 1962 – December 18, 1963 | Agrarian League | |
| November 1, 1963 – December 18, 1963 | Independent | ||
| Minister of Foreign Affairs Veli Merikoski | April 13, 1962 – December 18, 1963 | People's Party | |
| Deputy Minister of Foreign Affairs Olavi J. Mattila | November 1, 1963 – December 18, 1963 | Independent | |
| Minister of Justice Johan Otto Söderhjelm | April 13, 1962 – December 18, 1963 | Swedish People's Party | |
| Minister of Defence Arvo Pentti | April 13, 1962 – December 18, 1963 | Agrarian League | |
| Minister of the Interior Eeli Erkkilä Niilo Ryhtä | April 13, 1962 -February 8, 1963 February 8, 1963 – December 18, 1963 | ||
| Minister of Finance Osmo P. Karttunen Mauno Jussila | April 13, 1962 – December 18, 1963 April 13, 1962 – December 18, 1963 | National Coalition Party Agrarian League | |
| Deputy Minister of Finance Onni Koski Johan Otto Söderhjelm Mauno Jussila | April 13, 1962 – October 18, 1963 September 21, 1962 – November 1, 1963 November 1, 1963 – December 13, 1963 | Social Democratic Union of Workers and Smallholders Swedish People's Party Agrarian League | |
| Minister of Education Armi Hosia | April 13, 1962 – December 18, 1963 | People's Party of Finland | |
| Minister of Agriculture Johannes Virolainen | April 13, 1962 – December 18, 1963 | Agrarian League | |
| Deputy Minister of Agriculture Verner Korsbäck | April 13, 1962 – December 18, 1963 | Swedish People's Party | |
| Minister of Transport and Public Works Veikko Savela | April 13, 1962 – December 18, 1963 | Agrarian League | |
| Deputy Minister of Transport and Public Works Onni Närvänen Olavi Lahtela | April 13, 1962 -October 18, 1963 November 1, 1963 – December 18, 1963 | Social Democratic Union of Workers and Smallholders Agrarian League | |
| April 13, 1962 – December 18, 1963 | National Coalition Party | ||
| Minister of Social Affairs Olavi Saarinen Kyllikki Pohjala | April 13, 1962 – October 18, 1963 October 18, 1963 -December 18, 1963 | Social Democratic Union of Workers and Smallholders National Coalition Party | |
| Deputy Minister of Social Affairs Kyllikki Pohjala | April 13, 1962 -October 18, 1963 | National Coalition Party |