Andersson
Finance minister Magdalena Andersson (S) presents the spring budget. Credit: Jessica Gow/TT

Finance Minister:"A budget for a stronger Sweden"

2:47 min

In its final pre-election Spring budget, the red-green coalition government announced that Sweden's public finances are among the strongest in Europe with a surplus of around one percent.

Finance Minister Magdalena Andersson said, Monday, that national debt as a percentage of GDP is at its lowest level since 1977.

Magdalena Andersson said that Sweden's employment rate is now the highest in more than 25 years and is the highest ever measured by Eurostat. Unemployment is falling and is expected to be around 6 per cent next year.

"We have taken Sweden in a new direction. Investments in jobs, health care, schools and the climate have borne fruit. The Government is now making additional investments for a secure and sustainable Sweden," the Finance Minister said.

The government announced SEK 2.6 billion of new invetsments for 2018. SEK 600 million is to be spent on healthcare and SEK 350 million in increasing the quality and care for the elderly.

A further SEK 200 million will be used for regional health councils to retain and recruit staff with a shortage of skills. 

The spring budget will be debated with the opposition parties in parliament, Monday afternoon.

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