Finland Plans to Introduce National Basic Income of $870 Per Month

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The Finnish government is currently outlining plans to bring in a basic income of 800 euros ($870) per month to its citizens, scraping all existing benefits instead, media reported Sunday.

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MOSCOW (Sputnik) – Finnish Prime Minister Juha Sipila is reportedly supportive of the idea and most of the major political parties also back the initiative.

"For me, a basic income means simplifying the social security system," Sipila was quoted as saying by the Quartz news outlet.

The government is expected to adopt a final decision on the move in November 2016.

A poll released by the Finnish Social Insurance Institution (KELA) in late September revealed that 69 percent of respondents support the basic income plan.

A similar initiative has already been put forward in the Netherlands, with the city of Utrecht due to undergo the economic experiment.

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