Kekkonen's fifth cabinet was the 39th government of Finland. The cabinet existed from 20 October 1954 to 3 March 1956. It was a majority government. Prime Minister Urho Kekkonen was elected the President of Finland on February 15 February 1956, resigning as Prime Minister and dissolving the cabinet in the process.
| October 20, 1954 – March 3, 1956 | Agrarian Party | ||
| Minister of Foreign Affairs Johannes Virolainen | October 20, 1954 – March 3, 1956 | Agrarian Party | |
| Minister of Justice Aarre Simonen Weio Henriksson | October 20, 1954 –November 6, 1954 November 6, 1954 – March 3, 1956 | Social Democrat | |
| October 20, 1954 – March 3, 1956 | Social Democrat | ||
| Minister of the Interior Väinö Leskinen Valto Käkelä | October 20, 1954 – September 30, 1955 September 30, 1955 – March 3, 1956 | Social Democrat Social Democrat | |
| Minister of Finance Penna Tervo† | October 20, 1954 – March 3, 1956 | Social Democrat | |
| Deputy Minister of Finance Veikko Vennamo | October 20, 1954 – March 3, 1956 | Agrarian Party | |
| Minister of Education Kerttu Saalasti | October 20, 1954 – March 3, 1956 | Agrarian Party | |
| Minister of Agriculture Viljami Kalliokoski | October 20, 1954 – March 3, 1956 | Agrarian Party | |
| Minister of Transport and Public Works Martti Miettunen | October 20, 1954 – March 3, 1956 | Agrarian Party | |
| Deputy Minister of Transport and Public Works Hannes Tiainen | October 20, 1954 – March 3, 1956 | Social Democrat | |
| October 20, 1954 – March 3, 1956 | Social Democrat | ||
| Minister of Social Affairs Onni Peltonen | October 20, 1954 – March 3, 1956 | Social Democrat | |
| October 20, 1954 – March 3, 1956 October 22, 1954 – March 3, 1956 |