Sweden Cabinet Signals Spending Boost After Inflation Relief
- Next year’s spending to rise by $5.9 billion: finance minister
- Plans mark change from budget restraint that cooled prices
Elisabeth Svantesson
Photographer: Simon Wohlfahrt/BloombergThis article is for subscribers only.
The Swedish government plans to boost spending next year as slowing inflation gives more fiscal room to help the largest Nordic nation’s faltering economy.
The center-right cabinet will increase outlays by 60 billion kronor ($5.9 billion) in 2025, Finance Minister Elisabeth Svantesson told a news conference in Harpsund, Sweden, on Thursday, without providing a forecast for overall budget balance.