The Swedish government released its budget today wants to invest Skr24.2 billion
Wednesday, 18 September 2013
The Reinfeldt government has just released its last budget before the
election of 2014 and one aim here is that the state will strengthen
reforms through its financial department so that some Skr25 billion
would be invested. Nevertheless, the most worrying unemployment will
continues to remain high.
The Swedish government is implementing reforms that would aim at
investing some to Skr 24.2 billion in 2014, to support growth and jobs,
the government writes in the autumn budget just officially release.
"Sweden has a position of strength that allows fiscal policy to provide
support with measures for growth and jobs creation to prevent
unemployment from becoming entrenched, "Minister for Finance, Anders
Borg said in a comment in a press release.Minister for Finance, Anders Borg giving a briefing about the budget / image / Swedish Ministry of Finance
The government says that the Swedish economy has clearly been
influenced by the past year's economic downturn abroad. Growth has
slowed down again and is expected to be low this year, and then
gradually accelerate. Unemployment is not expected to reduce apparently
until the end of 2015.
"But there is still considerable uncertainty about how the economy will
evolve and the chances are still being weaker than forecast shows "the
The prolonged recession means that the public finances are expected to
show a deficit in both 2013 and 2014. The stronger economic growth in
subsequent years makes that net lending is expected to gradually grow
and surplus target of 1 percent of GDP reached in 2017.
The government says that the budget proposes measures to support growth
and sustained increase employment, strengthen students' knowledge
and competitiveness of Swedish enterprises, enhance the welfare and
cohesion in Sweden, as well as protecting the environment and the
There are already known proposals such as a fifth-work tax credit,
higher limit for state income tax threshold and lower taxes for
pensioners. There is also support for integration into employment
environment, apparently targeting the relaxation of the Swedish
discriminatory jobs market where people with none Swedish sounding
names and Africans are wantonly repudiated from jobs and careers. Also
there will be investment in apprenticeships and vocational programs,
and reduced social security contributions for the youth employment.
It also proposes actions for the school, including more teaching
and teacher training in mathematics, homework assistance and measures
to develop teachers' skills and career opportunities. Furthermore, the
housing market to be improved by simplifying the planning process and
regulatory framework for new construction of rental apartments.
by Scancomark.com Team