The state of Finland’s public sector and its future outlook

Other Publications, Studies 86 Heikki Taimio, Pentti Puoskari

Abstract

After the severe recession of the early 1990s and the subsequent period of strong economic growth, Finland’s public finances are in relatively good condition. The basic security and service systems of the welfare state have largely been preserved. Measured by several indicators, Finland ranks among the global top performers. In international competitiveness comparisons, the country has been placed at or near the top.

The comprehensive school system produces some of the most literate young people in the world. The healthcare system delivers good outcomes with relatively lower inputs compared to average levels. Finland also ranks among the leading countries in terms of income equality and low levels of poverty. The gross debt of the central government and general government has declined to approximately EUR 60 billion, slightly over 40% of GDP, which is among the lowest levels in the EU. (AI translation)

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