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Swedish govt vows to spend 5 billion crowns boosting unemployment benefit -Breaking

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© Reuters. FILEPHOTO: Sweden’s Prime Minister Magdalena Andersson addresses a news conference alongside Finland’s Prime Min Sanna Martin, during Russia’s invasion in Ukraine. It was held in Stockholm (Sweden) on April 13, 2022. Paul Wennerholm/TT News Agency/via REUTERS

STOCKHOLM (Reuters] – Sweden’s Social Democrats announced that they will increase the unemployment benefit for 2022. This is at a price of approximately 5 billion Swedish crowns ($509.2million). Some temporary benefits were made permanent during the pandemic.

Premier Magdalena Andersson stated that it was obvious in the wake of the pandemic, “that the unemployment benefits are not sufficient in Sweden”, during a press conference.

The government temporarily increased unemployment payments in order to offset the negative economic effects of coronavirus pandemic. Andersson indicated that Social Democrats are aiming to make the temporary measures permanent.

Last month, the centre-left Sweden government declared that it will boost spending by 35 Billon Crowns in its spring minibudget to fight the impacts of inflation and the consequences of the pandemic.

It is anticipated that the country will decide in the coming weeks whether it wants to join NATO. General elections are scheduled for Sept. 11.

($1 = 9.8196 Swedish crowns

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