Sweden's GDP would likely increase by 2.7 percent this year and 3.3 percent next year, Borg said at a press conference on Wednesday morning. He made his predictions as the government revealed its spring budget proposal, its last before the elections in September. Communicating policy priorities was now key, Borg intimated.
"We need to be tougher with what we're getting across and more careful in our economic policy," Borg told reporters.
The treasury predicted a "gradual drop" in unemployment through to 2015, with the figure predicted to fall to 7.7 percent this year and 7.3 percent the year after.
Indeed, employment was high on the agenda for the policy bill.
"The people who have most difficulty getting a job are those who have not completed their education or who have inadequate knowledge," Borg said in a statement. "We must therefore raise the quality of education to strengthen the workforce and prevent people from suffering unemployment in the future."
In more of a long-term employment goal, the budget also detailed plans to inject the budget with an education and growth package worth just over 5 billion kronor in 2015, which was set to be gradually increased to around 8 billion kronor by 2018.
Borg's budget also revealed a hike in alcohol and tobacco prices, with a packet of cigarettes to cost 1.36 kronor ($0.2) more and a packet of moist snus to cost an extra 2.54 kronor.
The Swedish military said Saturday it had increased intelligence gathering and called in extra staff to its headquarters over the crisis in Ukraine, as the prime minister compared Russia's current behaviour with the Cold War. READ
Police and demonstrators on Saturday. Photo: Fredrik Persson/TT
After initial rejection, a Chinese-owned company set up to take over Saab's assets after the troubled Swedish carmaker's bankruptcy said on Friday it had succeeded in being placed in receivership. READ
A common challenge for Swedish language students are the location adverbs hit/här, dit/där, hem/hemma etc.
Some of the location adverbs come in two versions. We should use one type of location adverb when we use a verb describes where we are, and we should use the other type of location adverb when we the verb..." READ »
"A dollar store in Sweden. Blog post: http://t.co/tNuuvcP1q0 #USD #greenbacks #sweden #sverige pic.twitter.com/RHFAYf7U1k
— Joel Sherwood (@joeldsherwood) August 23, 2014
There’s a chain here in Sweden called The DollarStore. This name always stood out to me in a country where they don’t use dollars. I went there for the first time this weekend. They actually accepted greenbacks..." READ »
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