Swe­den aims to spend $1.2b to boost job growth

The Pak Banker - - FRONT PAGE -

STOCK­HOLM: Swe­den will spend 10 bil­lion crowns ($1.19 bil­lion) a year on bud­get mea­sures to in­crease em­ploy­ment, the cen­treleft gov­ern­ment said on Wed­nes­day. Fi­nance Min­is­ter Mag­dalena An­der­s­son and her deputy Per Bol­und said that the money would be spent on in­vest­ments in hous­ing and in­fra­struc­ture, im­prov­ing the busi­ness cli­mate, and on adult ed­u­ca­tion. An­der­s­son has said all re­forms must be fully fi­nanced by tax hikes or cost sav­ing mea­sures. New spend­ing on schools and cli­mate ini­tia­tives will be pre­sented in the next few weeks, An­der­s­son and Bol­und wrote.

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