Sweden aims to spend $1.2b to boost job growth
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.