Scandinavia’s biggest economy has so much money it’s now looking to take care of the next generation.

The Swedish government published new estimates for the economy on Wednesday that project much larger budget surpluses than it had forecast only a few weeks ago. The Finance Ministry cited "higher revenues, mainly from capital and value added tax, and lower expenditure" as the reasons behind an additional 85 billion kronor ($10 billion) in projected net lending available over the 2017-2020 period.

Finance Minister Magdalena Andersson said much of the money would be used to tackle future pressures on the country’s generous welfare state. Her officials predict there will be 300,000 more children and as many extra pensioners that will need taking care of by 2025. Coupled with longer life expectancy and an increase in immigration, those are significant numbers for a country whose population currently totals just about 10 million.

"Our tight fiscal policy has put us in a new economic position," Andersson said in Stockholm. "We will use this strong position to employ health and social care professionals, preschool staff, teachers and police officers."

Sweden’s center-left government is keen to underscore its role as a paladin of the welfare state and to make the most of the current boom as it prepares to fight for a new mandate in elections next year. But it’s also constrained by rules that force governments of all colors to target a budget surplus of around 1 percent during the good times, so as to have funds available when things turn bad.


Improved Forecasts

According to the latest forecasts, Sweden’s budget surplus will rise to 0.8 percent this year, hit the target next year before surging above 2 percent in 2020. The latest growth estimates, which do not take into account any potential stimulus that may lie hidden in the surpluses, were tweaked through to 2019.



https://www.bloomberg.com/news/articles/2017-06-28/swedish-government-bets-on-improved-finances-ahead-of-showdown?cmpid=socialflow-twitter-business&utm_content=business&utm_campaign=socialflow-organic&utm_source=twitter&utm_medium=social

30billion for the akant.. Just one person...

meanwhile
9ja accumulates xo much debt, that the next generation(sssssssssss) will take care of!

Nigeria plan fr d future generation, dem no plan o...wieeen! nothing way u n i fit do... i dey hustle n plan fr my own generation nw. No be bad thing if i make money while things dey hard fr country...dats y na my papa be God... I dey hustle i dey play my part. Sure he'll play his, Nigeria is a disgrace if u just sit dwn dey calculate nd analyse am. but dont let it stop u

yet some 160 million people cant manufacture pencil, sane people invest their best part in the youth but we...in corruption

This country