Budget
The Board of the Financial Supervisory Authority approves our budget, which is finally confirmed by the Board of the Bank of Finland. Total expense budget for 2011 amounted to EUR 26.9 million. The majority of the expenses for our activities are composed of staff expenses, accounting for some EUR 19.2 million of the budget.
Other expenses represent about EUR 7.7 million of the budget for 2011. Other expenses are due, for example, to official travel, training, security, catering and personnel services as well as services purchased from external sources.
The Financial Supervisory Authority purchases services relating to personnel and financial administration, information management, security and other areas of general administration, from the Bank of Finland. These expenses account for approximately EURÂ 2.7 million of the budget for 2011.
3 June 2011