Safety net spending down in relation to GDP

The amount of money devoted to Sweden's social safety net, for example unemployment benefits, child care, health care and pensions, decreased in relation to the GDP in 2011, compared to the year before, according to new figures from Statistics Sweden.

In 2010, the cost made up 30.4 percent of the GDP, whereas in 2011, it had sunk to 29.4 percent. However, in terms of the actual amount of money spent, SEK 15.5 billion more went to the social safety net, for a total of SEK 1.03 trillion, in 2011.

The percentage of public money spent on social welfare compared to the GDP usually varies over time.

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