Upbeat Sweden announces green spending spree

Government pledges to focus extra environmental funds on climate, eco-research, chemicals

Sweden's new minority coalition yesterday presented its draft budget for 2003, less than a week after striking a deal with the Green party that ended a long stalemate following general elections last month (EED 02/10/02).

The budget is relatively optimistic, assuming that gross domestic product will grow by 2.1% this year and 2.5% in 2003 and 2004. For environment, this means increased funding for the national climate investment programme, from SKr200m (€21.8m) this year to 300m in 2003.

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