Swedish Spring Budget Assigns $830 Million to Parry Iran War (1)

Sweden’s government plans 7.7 billion kronor ($830 million) in additional budget spending to cushion households from the impact of the Iran war, five months ahead of a general election.

The outlook for the largest Nordic nation’s export-driven economy has darkened in recent weeks. The risk of higher inflation and slower growth has increased because of the Middle East conflict, which has choked off key energy supplies to Europe and Asia.

In a presentation in Stockholm on Monday, Finance Minister Elisabeth Svantesson highlighted the costliest elements in the supplementary budget: a plan to compensate households for higher electricity prices at 2.4 ...