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In 1921, Finland was the first Nordic country to introduce the day fine system into its system of criminal sanctions. The main reason for adopting the new system was an attempt to introduce a system where fines would have an equal impact on people with varying means.An important objective of the total reform of Finnish criminal law (1980–2003) was to reduce of custodial sentences and, therefore, the increased use of financial sanctions had a preference. In a comparative analysis day fines are imposed to very great extent in Finland.There has been a general satisfaction with the fining system in Finland.The efficiency of the day fine system has been furthered by the detailed provisions on the assessment of the person’s income and the effective enforcement of fines. As for the future of the fining system, there is an urgent need of coordinating various punitive pecuniary sanctions (whether they are criminal in nature or administrative and whether they are day fines or fixed fines).
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