Sweden boosts pandemic-hit economy by $12 billion in 2021 budget
- 21 Sep 2020
Picture used for illustrative purpose. File
Sweden's gross domestic product will shrink around 4.6% this year, the government said on Monday, outlining a budget bill that will pump around 105 billion crowns ($12.0 billion) into the economy to kick-start growth following the pandemic.
"Together we are going to work Sweden's way out of the crisis and build a more sustainable society," the minority coalition said in a statement.
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Measures in the budget, including tax cuts for individuals and companies and more money for the welfare sector, were broadly known.
Reuters
