Swedish Centre-Left Govt Proposes Raising Pensions in $1 Billion Reform
Sweden’s centre-left government said on Monday it would propose raising pensions for the elderly with the lowest incomes in a reform that will cost 9.4 billion crowns ($1.00 billion) in 2023.
The Social Democrat minority government agreed with the Green and the Left parties to raise pensions by up to 1,000 crowns tax free per month for the half a million pensioners with the lowest incomes, the parties told a joint news conference.
“Nearly every other pensioner is covered by the reform,” Green co-leader Marta Stenevi told the news conference.
Sweden holds general elections in September. It was unclear whether the bill would be approved by parliament where the Social Democrats, Greens and Left Party lack a majority on their own.
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