Cover IMF Staff Country Reports
Finland: Staff Report for the 2003 Article IV Consultation
Author: International Monetary Fund
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2003: Issue 325
Language:
English
Publication Date:
16 Oct 2003
DOI:
https://doi.org/10.5089/9781451813180.002
ISBN:
9781451813180
ISSN:
1934-7685
Pages:
43
Keywords:
ISCR; CR; surplus; budget proposal; government; consumer confidence; Finance Ministry's projection; staff statement; article IV consultation discussion; reform agenda; Pension reform; Labor taxes; Fiscal stance; Global; Africa
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The economic restructuring and expansion after the crisis reflected a combination of private sector initiative, solid macroeconomic management, including the shift from large deficits to significant surpluses of the general government, and structural reforms. High unemployment is one indication that structural rigidities continue to hamper Finland's output potential. In the face of high unemployment and rapid population aging, the discussions focused on supporting medium-term growth while securing long-term fiscal sustainability. Reflecting concerns about slowing growth, front-loaded expenditure increases, and tax cuts were at the center of the fiscal policy debate.
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund