Kela revealed benefit statistics - this benefit exceeded one billion euros
The Finnish social insurance institution Kela reported that benefits paid in 2024 exceeded 17.4 billion euros, highlighting a significant increase in basic income support and unemployment benefits.
The Finnish social insurance institution Kela has disclosed 2024 benefit statistics showing total expenditures of €17.446 billion, reflecting a €188 million increase from the previous year. A notable point is the basic income support expenses, which have surpassed the €1 billion mark, growing by €176 million, or over 21%. In contrast, unemployment benefits also saw a rise, increasing by €157 million, or approximately 8%, when compared to 2023.
An essential factor contributing to these changes was a significant reduction in housing allowance costs, which decreased by nearly 27% or €449 million. This drop is primarily attributed to a policy change enacted in August, which transitioned students from general housing support to a housing supplement linked to study grants. Consequently, expenditures on study support surged by nearly 24%, totaling an increase of €177 million.
Overall, the data reveals a trend towards increased reliance on basic income support and unemployment benefits in Finland, despite reductions in housing allowances. This shift highlights growing financial pressures faced by certain populations, notably students and those seeking employment, indicating a potential shift in government policy focus towards more direct financial support in response to economic challenges.