survey and evaluate the fiscal frameworks in the Nordic countries. A second aim is to review how long-run sustainability … of Finance as well as by other institutions. The report also concludes the severity of the fiscal-sustainability problems …

This study analyses financial sustainability of the Finnish public sector. Current tax rates are unlikely to yield … sufficient tax revenue for financing public expenditure under an ageing population. The estimate of the sustainability gap is 2 1 …/2 per cent of GDP, for the period 2010 - 2060. The estimate is based on the 2009 population projection by Statistics Finland …

All practical evaluations of fiscal sustainability that include the effects of population ageing must utilize … ageing on public finances. We show that the likelihood of sustainability risks is significant, and that it would be wise to … sustainability ; stochastic population simulations ; changing demographic forecasts …

This study analyses the fiscal sustainability of the Finnish public sector using stochastic projections to describe … options aimed at improving sustainability. Longevity adjustment of pension benefits and introduction of an NDC pension system … would reduce the expected problem and narrow the sustainability gap distribution. Under the third option, pension funds …