The Social Democratic Party is in over its head with its promises, says Sanni Grahn-Laasonen (NCP), the Minister of Education.
Antti Rinne, the chairperson of the Social Democratic Party, on Tuesday kindled a nationwide debate by promising to introduce a net increase of 100 euros to all pensions not exceeding 1,400 euros a month over a several-year period.
“Depending on the occasion and audience, Rinne has recently promised more money to pensioners, the unemployed, families and students – to essentially everyone – for pensions, benefits and services,” highlights Grahn-Laasonen. “More money, more money. The SDP is distributing hundreds of millions in borrowed money only because the elections are drawing closer and they must find support somewhere.”
Rinne told Uusi Suomi the net increase would raise pension costs by 700 million euros a year. The Finnish Centre for Pensions, however, estimated that the proposal would have raised annual pension costs by twice as much – 1.4 billion euros – if it had been introduced at the beginning of this year.
Grahn-Laasonen stresses that looking after the economy is particularly important as the working-age population continues to shrink in Finland.
“Instead of shouldering responsibility for future generations and the debt burden they will face, Rinne has started a perilous auction. Hard-working Finns, who will ultimately pay for the promises out of their own pockets, are entirely unprotected against the money dispenser of the SDP,” she phrased.
The Finnish government has focused on taking action and produced results, according to Grahn-Laasonen.
“Finland has been pulled out of a recession into a growth path during this electoral term after almost ten underwhelming years. Finns’ confidence in the economy is strong, companies are making investments and unemployment is on the decline. The ranks of the employed have grown by almost 100,000. We have to foster, not gum up, this positive development,” she says.
Aleksi Teivainen – HT
Photo: Antti Aimo-Koivisto – Lehtikuva
Source: Uusi Suomi