national budget in 1998 included revenues of ninety point nine billion dollars and expenditures of ninety-nine billion dollars. Although Sweden enjoys one the world’s highest standards of living, the country has been experiencing a very large recession since the year 1991. The Swedish government has responded with adversity measures and a reassessment of its traditional commitment to full employment and the welfare state. Steps taken to help to end the recession that the government have began to try to put in process have included a ten percent reduction in civil service employment, cuts in social –welfare programs , and partial privatization of the state sector, including the telecommunications and elecriticity networks. In early 1991 the tax system was reformed, with income tax reductions for all the most highly paid people in the country and increased of taxes on goods and services, By the mid 1990’s both the budget deficit and unemployment increases again, more tax increases and cuts in government spending were implemented to reduce the deficit....
