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Home BUSINESSKela pays EUR 4.1 billion unemployment benefits in 2013
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Fri, 28 Feb, 2014 12:40:31 AM
FTimes-STT Report, February 28
 
Social Insurance Institution blue flag floating high KELA roof of the house in Turku, Finland 10.8.2009. Photo – Lehtikuva.
Finnish unemployment funds and Kansaneläkelaitos (KELA), national social insurance institution, paid €4.1bn in unemployment benefits in 2013.
 
The amount shot drastically compared to the previous year reflecting a 17.5% increase.
 
According to Kela, the expenditure was the highest in the previous decade.
 
Basic social security expenditure rose to record levels exceeding even the expenditures during the recession in the 1990s.
 
Income security reading was far from the 1990s but still the expenditure in 2013 was nearly as big as the economic downturn experienced in 2010.
 
The situation has been attributed to the increase in the number of unemployed people in the country.
 
 
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