[ad_1]
fivearsinais – Finland and the country as a whole need a strong export sector. At best, this creates the conditions for our welfare to grow, at least even for maintaining the current welfare society. A successful company that can pay dividends to its owners also needs to pay and account for a large number of different taxes and fees that are used to maintain our welfare society. This fateful connection is often forgotten.
at the moment For example, people talk a lot about the financial challenges and even the financial crisis of social security services and other public services. The public sector debt situation is worrying. The only way to increase public sector revenue without debt is to collect more taxes from companies and citizens.
The best way to collect more funds is to contribute to the growth and well-being of our companies, which will inevitably lead to an increase in public sector funds. Export companies play an important role in this regard as many types of taxes and fees are generated through their operations.
What are our exporting businesses like now? According to the Chamber’s recent survey of export leaders, about 40% of exporting companies expect exports to grow this year. About a third of companies expect exports to remain the same. Worryingly, nearly 20% of businesses expect exports to fall significantly or slightly.
The numbers for other areas were flat year-on-year, but the number of companies expecting a decline increased. This is a signal that needs a response.
Valsinai-Somi is an export-oriented province that survives on exports, so a reduction in exports is a particularly bad thing for us. Lower export revenues lead to lower employment, lower taxes paid by businesses, and lower private consumption. This development will also soon become apparent as the funding base for public services collapses. We do not want such a cycle.
According to export leaders Increased costs have particularly weakened the outlook for exports. The development here is almost horrific – in March 2024, 7% of business leaders said that rising costs weakened the outlook for exports – by the end of May, this share had already reached 41%. This should have awakened decision-makers to pay attention to the international competitiveness of our companies – now it seems that it is falling at the feet of rising costs.
Exporting companies compete in international markets. This means that Finnish companies must be world-class to win any contracts.
This also means that Finnish companies’ services and products must be price competitive. Costs cannot develop faster than in competitor countries.
We are all in the same boat, that is Finland. When our businesses do well, the welfare society thrives too.
A successful business sector and thriving exports mean successful employees and a strong public sector funding base.
Kaisa Lovo
managing Director
Turku Chamber of Commerce
[ad_2]
Source link
