Sweden to Phase Out Most Pandemic Aid Programs as Restrictions Ease

Sweden is set to phase out of most of its pandemic stimulus as the country eases out of its COVID-19 restrictions.

Government subsidies for companies will stay through February, and compensation for reduced qualifying periods will remain until March, Finance Minister Mikael Damberg told reporters on Tuesday.

“Now is the time for normality and not least a more normal budget process,” Damberg said.

Aid for events in the culture and sports sector will not be removed until June, Damberg noted, adding that support for these sectors should not be withdrawn too early.

The decision comes after Sweden lifted most of its COVID-19 restrictions last week, citing a higher rate of vaccinations and a manageable number of hospitalizations. The Nordic country has also already returned to its pre-pandemic growth path, according to the Finance Ministry.

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