Home HomeSwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

More money for vocational training in the budget

More people should be able to attend vocational adult education to meet unemployment. The government is allocating an additional 900 million kronor in the 2025 budget for vocational adult education.

» Updated: 06 September 2024, 08:44

» Published: 05 September 2024

More money for vocational training in the budget
Photo: Claudio Bresciani/TT

Unemployment is the highest in ten years, except for the pandemic, according to the government. And it continues to rise.

Some might therefore say that this budget allocation of around one and a half billion kronor to the labour market is meagre. For comparison, the government is expected to allocate around 60 billion kronor in unfunded budget proposals.

I do not share that view, the best labour market policy is a functional, effective education policy that leads to real jobs, says Minister for Labour Market Johan Pehrson.

If that is not enough, our policy creates increased demand in the economy, which generates jobs, he continues.

The new funds, 900 million, will provide 11,000 more places in vocational training for adults, calculated as annual study places, including study support. This means a total of around 72,000 places next year at a cost of six billion kronor, according to the Tidö parties' budget proposal.

This is by far the largest part of the government's and the Sweden Democrats' package to address the increasingly high unemployment.

The rest is smaller adjustments. The Employment Service receives an additional 79 million kronor to support long-term unemployed. Jobbsprånget, assistance to foreign-born academics, receives an additional ten million kronor.

Furthermore, the job package includes smaller tax cuts for small business owners.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

The Government Seeks Support for Those Affected by Northvolt
1 MIN READ

The Government Seeks Support for Those Affected by Northvolt

The regional tax will be raised next year
1 MIN READ

The regional tax will be raised next year

Astra Zeneca's China Chief Arrested by Police
1 MIN READ

Astra Zeneca's China Chief Arrested by Police

More rate cuts - but risk of turmoil with Trump
2 MIN READ

More rate cuts - but risk of turmoil with Trump

Svantesson: Trump's policy may increase inflation
2 MIN READ

Svantesson: Trump's policy may increase inflation

Major Banks Lower Mortgage Rates
1 MIN READ

Major Banks Lower Mortgage Rates

Central Bank Economist: Central Bank Cuts Interest Rate Too Late
2 MIN READ

Central Bank Economist: Central Bank Cuts Interest Rate Too Late

How You Are Affected by Lowered Interest Rates
2 MIN READ

How You Are Affected by Lowered Interest Rates

Thedéen expects turmoil after Trump's victory
2 MIN READ

Thedéen expects turmoil after Trump's victory

Inflation upswing does not threaten interest rate cuts
3 MIN READ

Inflation upswing does not threaten interest rate cuts

Stockholm Stock Exchange rises after interest rate cut
1 MIN READ

Stockholm Stock Exchange rises after interest rate cut

Most up on Asian stock exchanges
1 MIN READ

Most up on Asian stock exchanges

This is how your wallet can be affected by Trump's victory
2 MIN READ

This is how your wallet can be affected by Trump's victory

Cheerful on Wall Street after Trump win
1 MIN READ

Cheerful on Wall Street after Trump win

Thousand-kronor notes to be picked up when the Central Bank increases the pace
3 MIN READ

Thousand-kronor notes to be picked up when the Central Bank increases the pace

Swish up and running again after disruption
1 MIN READ

Swish up and running again after disruption

Trump's company is soaring on the stock exchange
1 MIN READ

Trump's company is soaring on the stock exchange

Swedish Export Threatened by Trump Victory
2 MIN READ

Swedish Export Threatened by Trump Victory

Sameby's appeal against mining company rejected
1 MIN READ

Sameby's appeal against mining company rejected

Inflation Expectations Fall
1 MIN READ

Inflation Expectations Fall