myyntisuppilosta

Myntisuppilosta, also referred to as the Economic Package, was a set of economic reforms implemented in Finland in 1993. The package was aimed at reducing the country's fiscal deficit, promoting economic growth, and increasing international competitiveness. The reforms included a number of measures such as tax reductions, spending cuts, and improvements to the business environment.

One of the main goals of the myyntisuppilosta was to reduce the corporate tax rate from 51% to 32% in 1995. The government also implemented a number of other tax reforms, including the introduction of a value-added tax (VAT) and the reduction of tax rates on income and capital gains. The package also included investments in education and R&D, as well as measures to improve the business environment, such as the simplification of business registration and the reduction of regulatory burdens.

The myyntisuppilosta was a key factor in Finland's economic recovery in the 1990s. The reforms helped to improve the business environment, attract foreign investment, and stimulate economic growth. As a result, Finland's GDP growth rate increased from an average of 0.2% per annum in the years 1990-1992 to 2.5% per annum in 1993-1995. The reforms also helped to reduce unemployment, which fell from 18.6% in 1993 to 16.7% in 1995.

Overall, the myyntisuppilosta was a significant economic reform package that helped to transform Finland's economy. The reforms had a lasting impact on the country's business environment and contributed to its economic growth and stability in the years that followed.