1. A strong multidisciplinary profile Kalervo Väänänen Rector

2. Central Government Budget of Finland Millions of € 201250 437 201354 536 201453 920 Statistics Finland

3. Finlands General Governmental Debt Billion €% of GDP 201179,742,2% 201283,943,6 % 201389,746,4 % Statistics Finland

4. Finnish Exports Millions of € 201156 855 201256 878 201355 903 Finnish Customs

5. University Sector in Finland Direct Governmental Funding Millions of € 20121 832 20131 863 20141 895 Proposition for 20151 832

6. 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”

7. University of Turku Funding 201420132012 Funding from the Ministry of Education and Culture 169 000 000167 843 000165 960 000 External Funding90 476 978 ?99 981 69099 907 701 Return on Capital Investments 4 660 000 ?7 209 6266 371 916

8. 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

10. Gross Domestic Product (GDP) GDP per capita, € 201135 028 201235 528 201335 569 Statistics Finland