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Swedish National Institute of Economic Research criticizes government budget

The institute's head of forecasting, Ylva Hedén Westerdahl, pictured here in June. Photo: TT

Published: 10.Oct.2017 16:32 hrs

Sweden needs a tougher fiscal policy by 2019, The Swedish National Institute of Economic Research (KI) said on Tuesday.

The government's budget is severely under-financed and is not in line with the surplus target, according to the institute's latest forecast.

"If the public welfare commitment is also to be kept at 2018's level, the budget will need to be increased by around 30 billion kronor," the Institute of Economic Research wrote in its forecast.

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