Saturday, December 6, 2008

Sweden announces $2.8-bln economic stimulus package

STOCKHOLM, Dec. 5 (Chinese media) -- The Swedish government announced Friday a

23-billion-kronor (about 2.8 billion U.S. dollars) economic stimulus package in

efforts to deal with the fallout from the ongoing financial crisis.

The measures included providing more support for the unemployed people and

offering extra funding for vocational training at both high school and college

level.

The package also called for more spending on infrastructure projects and an

increase in the tax deduction available for construction services related to

home repairs and maintenance.

"Sweden has felt the (impact of the) global crisis," Prime Minister Fredrik

Reinfeldt said at a press conference.

"Sweden is a country that depends on exports, and that is difficult when so

much depends on the situation in our export markets," Reinfeldt added.

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