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.
More than ten thousand people applied for asylum in Sweden in August – the highest figure in a decade. Meanwhile, volunteer organizations report being flooded with donations for refugees as the scope of the crisis grows.
What's on in Sweden
The circus is coming to town. Photo: Mats Bäcker/Underart/Cirkus Cirkör
Swedes are a surprisingly fun, as well as funny, bunch. Here are five events we hope will put a smile on your face as well as our regular interactive calendar of all the top events in Sweden this week.
Sweden is home to many of the world's successful startups, such as Spotify. Photo: Lars Pehrson/TT
UPDATED: Swedish Enterprise and Innovation Minister Mikael Damberg has told The Local about his action plan to turn Stockholm into the top startup city in the world. But critics of his proposals say they are too vague.
Zlatan Ibrahimovic at the press conference on Wednesday. Photo: Pontus Lindahl/TT
Sweden's star striker Zlatan Ibrahimovic has caused a stir after mouthing off in a press conference when a Swedish journalist asked about his business interests, ahead of his national side's Euro 2016 qualifier with Russia.
A pair of knickers made from thousands of strands of human hair has knitted overnight success for its maker. Swedish craftswoman Nina Sparr tells The Local that her efforts mirror a traditional craft that has been popular in her family for centuries.
Saab's former CEO Jan Åke Jonsson. Photo: Karin Olander/TT
Swedish car maker Saab's former CEO Jan Åke Jonsson and the firm's former head lawyer Kristina Geers have appeared in court in Vänersborg in west Sweden, accused of falsifying financial documents shortly before the company went bankrupt in 2011.
A file image of a Swede using the internet. Photo: Bertil Ericson/TT
UPDATED: 'Julia Caesar', an anonymous right-wing blogger who has blasted Swedish journalists for writing an "epoch of lies" about the benefits of immigration, is herself a former reporter for Sweden's biggest broadsheet, Dagens Nyheter, according to a Swedish tabloid.
Ida Johansson, who was found dead on a running track in Upplands Väsby. Photo: Polisen
Railway buffs in Sweden are on track for a treat as a rare Swiss locomotive is set to roll into a Swedish transport museum in the coming days to celebrate a century of electric trains in the Nordic country.
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