Swedish Finance Minister: the refugee crisis may lead to a large budget deficit ⋆

Swedish Finance Minister: the refugee crisis may lead to a large budget deficit



Please Like our Facebook page & follow us on Twitter, you'll find the symbols to the left or at the bottom of this page


Finansministern: Magdalena Andersson

 

In an interview with SVT’s Agenda program this evening, the Swedish Finance Minister, Magdalena Anderson, said the number of refugees who will come to Sweden could reach half a million within a year, and this will present a major challenge for the budget, and may eventually lead to a large budget deficit if we do not take urgent and effective measures immediately.

Anderson said that the present government has succeeded in reducing the budget deficit to half compared to last year, but the refugee crisis may increase the deficit again.

In response to a question whether the government will increase taxes, especially property tax as suggested by some experts, Anderson replied that she does not see that the government would resort to this solution, but we will be looking at borrowing and savings to cover the deficit if needed.

When asked whether the Government had a plan to cut Sweden’s foreign aid, Anderson replied that Sweden is the leading country in the world in providing financial support to countries in need, and are therefore proud of this important role, and Sweden will probably not resort to this dramatic solution.

Anderson said that we need to find a good solution urgently to this problem, not necessarily because of the economy in the first place, but rather to provide housing and food for the refugees who are coming in large numbers to Sweden everyday.

Anderson has ruled out that Sweden might close its borders for the refugees who have the right to asylum according to the United Nations resolutions that Sweden is committed to.



Please Like our Facebook page & follow us on Twitter, you'll find the symbols to the left or at the bottom of this page