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Finnish municipalities enjoy ample fiscal autonomy and provide or arrange the provision of a large share of public services. In recent years, their spending and debt has been increasing steadily, especially because of population ageing and increases in the cost of health care and social services.
Finland’s population is set to age rapidly in the coming decades. This will put pressure on public finances, while shrinking labour resources. Nonetheless, solutions exist to alleviate those pressures. Adjusting the pension age in line with the rise in life expectancy would reduce pension costs and increase older workers’ employment, provided it is accompanied by the removal of the pathways to early retirement.
The average worker in Finland faced a tax burden on labour income (tax wedge) of 43.1% in 2013 compared with the OECD average of 35.9%. Finland was ranked 7 of the 34 OECD member countries in this respect.
Finland’s economy is gradually picking up, but uncertainty surrounds the recovery. Determined action to implement structural reforms is needed to revive economic growth, restore competitiveness and preserve high standards of living and well-being, according to the OECD’s latest Economic Survey of Finland.
Finland has been hit hard by the global crisis, mainly through a sharp fall in exports, and the recovery is still hesitant. Bold action is needed to find new sources of growth, regain competitiveness, ensure sound public finances, and preserve the Finnish welfare model, Mr Gurría said.
Mr. Angel Gurría, Secretary-General of the OECD, is in Helsinki on 12th February 2014, to present the 2014 OECD Economic Survey of Finland, with Ms. Jutta Urpilainen, Minister of Finance.
These country notes contain indicators which compare the political and institutional frameworks of national governments as well as revenues and expenditures, employment, and compensation. They include a description of government policies on integrity, e-government and open government.
Biographical note of Finland's Permanent representative to the OECD.
This report sets out the challenge for freshwater in a changing climate and provides guidance on how to navigate this new “waterscape”. It highlights trends and practices drawn from the OECD Survey of Policies on Water and Climate Change Adaptation covering all 34 member countries and the EC. Each country profiles provide a snapshot of the challenges posed by climate change for freshwater and the emerging policy responses.
Education at a Glance 2013 - Country notes and key fact tables