Arab Today, arab today finland to test a basic income for finns in 2017
Last Updated : GMT 21:41:21
Arab Today, arab today
Arab Today, arab today

Finland to test a basic income for Finns in 2017

Arab Today, arab today

Arab Today, arab today Finland to test a basic income for Finns in 2017

Finland is looking to experiment in 2017
Helsinki - AFP

Finland is looking to experiment in 2017 with a basic monthly income for Finns, a universal and unconditional monthly payment seen as a way to reform the welfare system and cut spending, Finnish authorities said Tuesday.

The ambitious experiment could lead the Nordic country to scrap its complex system of state subsidies for unemployment, housing, studying or parental leave.

"The universal basic income experiment is planned to be launched in 2017," Finland's social insurance institution Kela in a statement.

The centre-right government has commissioned a study to take place next year where researchers will look into possible models for the experiment and details such as the monthly amount to be paid and its effect on taxation.

"Full basic income would come without other subsidies and therefore it should be rather significant, around 800 euros a month," Kela's chief researcher Olli Kangas had estimated in October.

While the idea of basic income was originally advocated by leftist politicians in Finland, there is now across-the-board support for the experiment to be conducted.

But it is likely to become politically contentious when the current three-party coalition is to pick its model for the universal wage.

The government, led by former businessman Juha Sipila of the Centre Party, eyes it as an opportunity to cut down overall welfare spending amid Finland's economic woes.

Finland has been in recession since 2012, a situation blamed on its falling competitiveness, ageing population and the economic woes of its major trading partners, Russia and the European Union.

Prior to taking office as the prime minister in April, Sipila had advocated for a regional experiment in which the basic income's impact would be tested in just one region first.

"Finland's situation is so serious that we need courage to experiment and find new solutions," Sipila said last year.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today finland to test a basic income for finns in 2017 Arab Today, arab today finland to test a basic income for finns in 2017

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today finland to test a basic income for finns in 2017 Arab Today, arab today finland to test a basic income for finns in 2017

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday