Tuesday, April 18, 2017
The Swedish Government Just Presented The New Budget - Here Are The Main Points
Via Business Insider: Today, Sweden's Minister for Finance Magdalena Andersson presented the government's spring budget at the Riksdag. The budget came with minor changes directed towards four objectives: decreasing unemployment, improving educational results, improving national security and continuing to work towards a better climate. Here are the main points of the budget according to the government's website: Reinforcement of the Swedish Police Authority, SEK 700 million Reinforcement of total defence, SEK 500 million Increased funds to maternity services and women's health, SEK 500 million Increased investment in mental health services for children and young people, SEK 100 million Reinforcement of social care for children and young people, SEK 150 million Increased funds to schools with a low percentage of students eligible for national programmes, SEK 500 million Reinforcement of the upper secondary Introduction Program, SEK 150 million Reinforcement of the Climate Leap, SEK 500 million Though economists are reacting to the budget with little surprise, the opposition has voiced critique against not pursuing more major reforms at a time when the Swedish economy is strong, employment is at record levels, and the Swedish public debt is at its lowest in 70 years, and expected to continue shrinking with the government surplus in the upcoming years.