Finland - Income Security Programs Classified as Social Insurance

Securitization   Income Funds   Growth Funds   Corporate Bond   Mortgage Securities   Municipal Bonds   Zero Coupon   Treasury Securities   

Finland, like the other Nordic countries, divided most of its social programs into those that guaranteed income security and those that provided social and health services. Income security programs came in two categories: social insurance, which provided income despite old age, illness, pregnancy, unemployment, or work-related injuries and income security classified as welfare, which consisted of income transfers to aid families through measures such as child payments, maternity grants, payments to war victims and their survivors, and financial aid to those afflicted by disability or pressing needs. Programs of the first category, income security guarantees, took some 80 percent of the funds expended for social welfare (see table 10, Appendix A).

Data as of December 1988


Next Page    Prev Page    Index Page    

Other Links:  MarketSigns.com  Money 101  Bonds  IRS Procedures  IRS FAQ's  IRS Tax Info  Employer's Guide for Tax    
Countries  Ecuador  Egypt  ElSalvador  Ethiopia  Finland  Georgia  Germany(East)  Ghana  Guyana