Sweden’s government announced a substantial budget increase of 80 billion crowns (€8.5 billion) for the fiscal year 2026. The spending plan focuses on bolstering economic growth, particularly through tax cuts designed to incentivize investment and stimulate consumer spending. Alongside this, the government plans to increase military spending to bolster national security. The initiative aims to accelerate the nation’s economic trajectory before the upcoming general election next September. The budget allocation details are available in the government’s official documents.
Credits: The Straits Times World News
