Finland residents to receive hundreds in handouts

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December 11, 2015

Finland residents could be given a PS573 handout every month.

Finnish authorities are proposing giving every citizen a tax-free payout of EU800 [PS576] each month under proposals being drawn up by the Finnish Social Insurance department, who want to reduce the amount of unemployed people living in the country.

The sum would be paid to all adults whether they have an income or not, according to the Daily Telegraph newspaper.

Finland's Prime Minister Juha Sipila commented: "For me, a basic income means simplifying the social security system."

The basic income will cost the government roughly PS33 billion per year if the proposal is successful.

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