The challenges of sustainability of public finances have been analysed comprehensively in the recently published report by the Ministry of Finance 2 Calculations of the long-term trend in public finances carried out at the Bank of Finland 3 reinforce the outcome of the Ministry of Finance’s analysis: there is now a pressing need to readjust the public finances.
I must emphasize that these views are my own and not necessarily those of my colleagues on the Federal Open Market Committee.1  The current state of the economy The United States has been doing well over the past few years by most measures of overall economic performance.