A strong multidisciplinary profile

Kalervo VäänänenRector

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 FinlandDirect 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 or2. Decrease spendingWhat 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 TurkuFunding

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