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Kalervo Väänänen
Rector
A strong multidisciplinary profile
Central Government Budget of Finland
Millions of €
2012
50 437
2013
54 536
2014
53 920
Statistics Finland
Finlands General Governmental Debt
Billion €
% of GDP
2011
79,7
42,2%
2012
83,9
43,6 %
2013
89,7
46,4 %
Statistics Finland
Finnish Exports
Millions of €
2011
56 855
2012
56 878
2013
55 903
Finnish Customs
University Sector in Finland
Direct Governmental Funding
Millions of €
2012
1 832
2013
1 863
2014
1 895
Proposition for 2015
1 832
What should (and can) be done to balance the
decreasing state funding in the future
1. Increase income from other sources
or
2. Decrease spending
What are the options to be more cost-effective and increase quality?
- Close or merge institutions and thus improve the efficiency of
the whole university system. (UEF, Turku, Aalto)
”Functional merge” : joint educational programmes, double degree
programmes, shared infrastructures, joint departments ect (all of these
are mainly matters of attitude and need creative thinking).Finnish
Rectors Council is now running ”an exercise of functional merges”
University of Turku
Funding
2014
2013
2012
Funding from the
Ministry of
Education and
Culture
169 000 000
167 843 000
165 960 000
External Funding
90 476 978 ?
99 981 690
99 907 701
Return on Capital
Investments
4 660 000 ?
7 209 626
6 371 916
What should (and can) be done to balance the
decreasing state funding in the future
1. Increase income from other sources
- Improve the quality of all your actions 
- Increase international research funding (EU, NIH etc )
- Increase research collaboration with the industry
- Generate own income: tuition fees, IPRs, etc.
2. Decrease spending
- 70%, 15%, 15%. Do everything to protect research and education.
- improve your own capacity to collaborate with others and
be prepared to a new division of work and responsibilities also
education, research and building of innovation capacity
- joint infra- and other structures with other universities
Gross Domestic Product (GDP)
GDP per capita, €
2011
35 028
2012
35 528
2013
35 569
Statistics Finland