Sweden’s Finance Chief Warns of Ballooning Welfare Shortfall
This article is for subscribers only.
Sweden’s Finance Ministry issued a warning on Wednesday of a growing budget gap as the baby boomers age, and an even bigger problem will be finding enough people to tend to them.
To just maintain the current level of service in health, elderly care and education Sweden will need to find an extra 90 billion kronor ($9.5 billion) by 2026, equal to almost 2% of gross domestic product, Finance Minister Magdalena Andersson said on Wednesday.