|
Sat, 28 Mar, 2015 02:32:55 AM FTimes-STT Report, Mar 28  Prime Minister Alexander Stubb. File Photo Lehtikuva. Prime Minister Alexander Stubb on Friday said the credit rating agency message is the same as the assessment earlier given by the Ministry of Finance.
Expressing his reaction over the report of credit rating agency Standard & Poor´s, which upheld Finland's credit rating of 'AA+', the premier pointed out that the country needs swift measures to balance public finances as well as a need for structural reforms.
"In Finland the population is aging and the working-age population is declining. The preservation of the welfare state requires that we have a larger proportion of Finns of working age in employment," Stubb said.
Stubb also pointed that the country needs work related immigration.
The sustainability of public finances, according to Stubb, requires the creation of a credible plan by the incoming government in order to reverse the local government and the central government debts.
According to the Finance Ministry assessment, reversing the debt fold requires adjustments totaling euros six billion.
The decision must be made immediately at the beginning of the new parliamentary term.
However, their implementation, according to the estimates of the experts, can be done in sequences so that they will pose as little as possible damage to growth and employment, said Stubb.
More News
|
|
Finland Times
| Sunday, 28 April, 2024 |
|
Copyright © 2024 All rights reserved
|
||||
