Sweden is preparing nearly $2 billion in aid due to the energy crisis
The Swedish government is preparing a large-scale economic stimulus package worth nearly $2 billion in response to the worsening energy crisis, which is affecting the economy and households. The plan is to finance the package through government borrowing, according to SVT.
Sweden plans to allocate 17.5 billion Swedish kronor, equivalent to about $1.8 billion, as part of the new anti-crisis package. The decision comes amid a global energy crisis that has intensified due to the war in the Middle East and rising energy prices.
This was announced by Swedish Finance Minister Elisabeth Svantesson, who noted that the government is focusing on supporting the most vulnerable sectors of the economy and the population. “We are providing support where it is needed—to households and industries affected by the war in the Middle East,” she said.
According to the government’s plan, the supplementary budget does not have a separate source of funding, so the costs will be covered by government borrowing. The bill is expected to be submitted to parliament in the near future. The program provides support for sectors that have been hardest hit by rising energy prices, particularly agriculture and aviation.
Prime Minister Ulf Kristersson emphasized that the package of measures is aimed at mitigating the impact of the global crisis, which is already affecting the country’s economic growth.
Sweden has allowed the crew of the Caffa, which was detained in March, to leave the country. The captain, who had been under arrest for some time, will also be returning home.
Sweden has provided Ukraine with equipment for military airfields.
Sweden is launching a massive review of permanent residence permits.
