Sweden Announces $1.6 Billion Added Spending as Inflation Slows

Sweden’s government outlined a spending package totaling 17.3 billion kronor ($1.6 billion) as it seeks to support health care, the justice system and employment in a recession-stricken economy.

The amendments to the 2024 budget come as Ulf Kristersson’s government, which has pledged to run a cautious fiscal policy that doesn’t contribute to fueling price increases, has been encouraged by a string of inflation prints that show a clear downward trend. They include a 6 billion kronor addition to local governments that are in charge of health care in the Nordic country, as well as additional spending on defense and infrastructure, most of which have been announced in previous weeks.