Room for more spending in Swedish gov’s spring budget: economist

The Swedish government’s spring budget is likely to be thin on new spending measures. (Bob Strong/Reuters)
On Wednesday, the Swedish government presents its spring budget and one economist says it’s a bit thin in terms of spending.

A few things have leaked out so far from the budget, with some 4 to 5 billion kronor more on spending, with almost half of that going to reforms related to the environment and climate.

But considering the state of the Swedish economy, and the fact that the national debt is really low when compared internationally, Catherine Denin, senior economist with Swedbank, says that amount of spending isn’t much at all.

“It’s only around 0.1 percent of GDP that is going to be coming out,” says Denin. “So it’s a pretty small amount for 2019.”

Related stories from around the North:

Canada: Federal budget promises $700M for Canada’s North over next decade, CBC News

Finland: Budget cuts threaten international Sámi language cooperation, Yle News

Russia: Northern Sea Route needs €143 billion in private funds to meet shipping goals: report, The Independent Barents Observer

Sweden: Swedish tourist industry worries about cuts to trail maintenance, Radio Sweden

United States: Proposed Alaska budget cuts face legal and political hurdles, Alaska Public Media

Frank Radosevich and Ulla Engberg, Radio Sweden

For more news from Sweden visit Radio Sweden.

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