Most of Finland’s business subsidies are regressive, says researcher

THE GOVERNMENT of Prime Minister Petteri Orpo (NCP) could have easily created substantial cost savings by rationalising the jungle of business subsidies, Elias Erämaja, the chief economist at Suomen Ekonomit, stated to YLE in August.

Erämaja examined the business subsidy system, identifying roughly 500 million euros in subsidies that, mostly, boost the competitiveness of large corporations or stem from regional political interests.