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Reuters
Reuters
Business

Swedish govt vows to spend 5 billion crowns boosting unemployment benefit

FILE PHOTO: Sweden's Prime Minister Magdalena Andersson speaks during a news conference with Finland's Prime Minister Sanna Marin, amid Russia's invasion of Ukraine, in Stockholm, Sweden, April 13, 2022. Paul Wennerholm/TT News Agency/via REUTERS

Sweden's ruling Social Democrats said they intend to strengthen unemployment benefit in 2022, an election year, at a cost of around 5 billion Swedish crowns ($509.2 million) by making some temporary benefits introduced during the pandemic permanent.

"It became obvious during the pandemic that the unemployment benefit is not strong enough in Sweden," Prime Minister Magdalena Andersson told a press conference.

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