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.

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.

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

More news

Apple and Nvidia weighed down Wall Street
1 MIN READ

Apple and Nvidia weighed down Wall Street

Employees at Northvolt to Receive September Salary
1 MIN READ

Employees at Northvolt to Receive September Salary

The dollar is pressured ahead of the Fed's interest rate decision
2 MIN READ

The dollar is pressured ahead of the Fed's interest rate decision

Northvolt receives support from Volkswagen
1 MIN READ

Northvolt receives support from Volkswagen

Thousand-kronor savings in reduced tax for motorhomes
2 MIN READ

Thousand-kronor savings in reduced tax for motorhomes

Pressed Trump Stock Continued Downward
1 MIN READ

Pressed Trump Stock Continued Downward

Lowered Prices on Gasoline and Diesel
1 MIN READ

Lowered Prices on Gasoline and Diesel

Mathem Applies for Reconstruction
1 MIN READ

Mathem Applies for Reconstruction

Protest strike as Audi closes electric car factory
1 MIN READ

Protest strike as Audi closes electric car factory

New giant diamond found
1 MIN READ

New giant diamond found

Despite Food Price Promises – Worse Profitability
1 MIN READ

Despite Food Price Promises – Worse Profitability

Building costs are falling
1 MIN READ

Building costs are falling

Mining Company Winner on Calm Stock Exchange
1 MIN READ

Mining Company Winner on Calm Stock Exchange

More women on the boards - "a milestone"
2 MIN READ

More women on the boards - "a milestone"

Bottom grades for the banks' AI solutions
1 MIN READ

Bottom grades for the banks' AI solutions

Hong Kong falls when others are closed
1 MIN READ

Hong Kong falls when others are closed

Green light after major banks' technical issues
1 MIN READ

Green light after major banks' technical issues

Fewer people are withdrawing cash
2 MIN READ

Fewer people are withdrawing cash

Technical problems at Swedbank
1 MIN READ

Technical problems at Swedbank

Northvolt introduces total freeze on expenses
1 MIN READ

Northvolt introduces total freeze on expenses