Sweden’s center-right government proposed Aug. 26 economic reforms worth 32.7 billion kronor (USD4.4 billion), including labor-market investments and tax cuts over the next four years. The government intends to spend 12.8 billion kronor next year on areas including welfare and jobs, Dow Jones Newswires reports.

“The reform ambitions are dependent on a stable economic development with well ordered public finances,” the government said in a statement.

About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.