A strong multidisciplinary profile Kalervo Väänänen Rector

Central Government Budget of Finland Millions of € Statistics Finland

Finlands General Governmental Debt Billion €% of GDP ,742,2% ,943,6 % ,746,4 % Statistics Finland

Finnish Exports Millions of € Finnish Customs

University Sector in Finland Direct Governmental Funding Millions of € Proposition for

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 Funding from the Ministry of Education and Culture External Funding ? Return on Capital Investments ?

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, € Statistics Finland