## Finland: Staff Report for the 2000 Article IV Consultation

_IMF Staff Country Reports, August 31, 2000_

## Source details

**Canonical URL:** [Finland: Staff Report for the 2000 Article IV Consultation](https://www.imf.org/en/publications/cr/issues/2016/12/30/finland-staff-report-for-the-2000-article-iv-consultation-3666)

## Other formats

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## Bibliographic details
- Published: August 31, 2000
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451813159.002

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### Summary and key findings
- Finland has recovered from the depression of the early 1990s, and is engaged in a new phase of economic expansion.
- Problems remain on the structural front and should be tackled for robust long-term growth.
- The restraint on the growth of public expenditures should be complemented by a significant reduction in the heavy tax burden on labor income.
- The macroeconomic policy stance should be complemented by other measures on the structural front to help expand the effective labor supply and enhance the supply response of the economy.

### Policy recommendations
- Complement restraint on the growth of public expenditures with a significant reduction in the heavy tax burden on labor income.
- Implement structural measures to:
  - Expand the effective labor supply.
  - Enhance the supply response of the economy.

### Structural issues and priorities
- Labor: Reduce heavy tax burden on labor income; expand effective labor supply.
- Public finances: Maintain restraint on growth of public expenditures.
- Supply response: Strengthen structural reforms to improve productivity and potential output.
- Other topical areas referenced: banking sector, core inflation, housing market, product market, productivity growth, public finance, social security contributions, stability program, structural surplus, output gap, price index.

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## Content in this bundle

- **Finland: Staff Report for the 2000 Article IV Consultation - ISCR/00/117**
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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/30/finland-staff-report-for-the-2000-article-iv-consultation-3666_