The Swedish government is set to unveil new economic initiatives in the upcoming autumn budget, including a temporary reduction in employer contributions for young people aged 19 to 23. This measure, expected to cost six billion kronor by 2026, aims to boost youth employment and will be discussed at a press conference featuring key ministers.
Swedish Government Announces New Economic Initiatives in Autumn Budget
Government Holds Press Conference
The government is set to present new initiatives in entrepreneurship in the upcoming autumn budget. They will propose a reduction in employer contributions for young people aged 19 to 23, according to Expressen. The press conference begins at 10 AM.
Participating in the press conference are Energy and Business Minister Ebba Busch (KD), Finance Minister Elisabeth Svantesson (M), Labor Market Minister Johan Britz (L), and Tobias Andersson (SD), Chairman of the Business Committee.
On Tuesday, SVT reported on the proposal to reduce employer contributions, which will temporarily apply from April next year through 2027. This plan was outlined in a list of bills that the parliament will consider in the future.
The cost of the reduced employer contributions is expected to be six billion kronor in 2026, according to SVT. A similar measure was implemented during the pandemic.
The text is being updated.