Nuggets of Public Finance

The Government Budget is a complex document that represents in a detailed way the financial and economic condition of a country. In addition, through an accurate analysis of the public expenses, it is possible to find out important information about the culture and the social structure of the State.


<<The Government Budget is the mirror of all the political and social problems of a country>>.  

                                                    Joseph Schumpeter


Depending on the information searched and the goals pursued, we can distinguish several types of budget statements.

In this article, I will briefly refer to the final budget and the provisional budget to give an idea about the essential content of a public budget statement and about the role of Gross Domestic Production (GDP) in the evaluation of the total wealth produced, of the national income and of the welfare level inside a society. Continue reading “Nuggets of Public Finance”

Universal basic income and testing social innovation


Like many other countries, Finland also fell in to recession after the financial crisis of 2007. As the number of employed people fell and it became increasingly difficult to keep up our public services, a lot of solutions were tried and suggested. One of the more ambitious ways of solving the financial problems facing Finland is the reinvention of our social security system. Continue reading “Universal basic income and testing social innovation”