Sweden will send more than 30 billion dollars to combat the effects of coronavirus

the Swedish Government presented a package of measures worth more than 300 billion Swedish crowns (of 30.94 billion) to support the economy in a pandemic coronavirus. About it reports Reuters.

In particular, the Central government will take all the spending on sick pay in the month of April and may, and most of the costs associated with temporary layoffs.

the biggest costs will be associated with permit companies to defer the payment of taxes and VAT for a period of one year. According to the Swedish Finance Minister Magdalena Andersson, only this measure in the short term can cost up to 300 billion crowns.

Sweden has already announced the allocation of additional funds to local authorities for dealing with an outbreak of the virus COVID-19, which developed into a pandemic.

the country’s Central Bank last week decided to provide through the banking system to 500 billion SEK in loans to the affected companies.

the European Commissioner for the internal market Thierry Breton warned that the pandemic coronavirus this year could plunge the EU into recession.