Anders Borg is a Swedish economist and politician who served as Minister for Finance in the Swedish Government from 2006 to 2014. He is deputy chairman of Investment AB Kinnevik and Millicom, as well as an adviser to Citigroup and chairman of the Global Financial System Initiative of the World Economic Forum.
From 1990 to 1991, Borg was an editorial writer for the newspaper Svenska Dagbladet. After the general election in 1999, Borg became a Political Adviser at the Prime Minister's Office with responsibility for coordination of the Ministry of Health and Social Affairs, the Ministry of Public Administration, the Ministry of Culture and the Ministry of Education and Science. From 1993 to 1994 he served as a Political Adviser to Prime Minister Carl Bildt.
Following the defeat of the Moderate Party in the 1994 general election, Borg worked in the private bank sector. From 1995 to 1998 he worked at Transferator Alfred Berg, responsible for economic and political analysis. From 1998 to 1999 he was Chief Economist at ABN Amro Bank in Stockholm and from 1999 to 2001 he was Head of the Economic Analysis Department at Skandinaviska Enskilda Banken (SEB) in Stockholm.
From 2001 to 2002, Borg served as an advisor on monetary policy issues to the Executive Board of the Swedish National Bank. He was recruited as Chief Economist of the Moderate Party in 2003 and stayed in the team of the newly elected party leader Fredrik Reinfeldt. He also served as a Member of the Board of the Swedish Labour Market Administration from 2005 to 2006.
Following the victory in the 2006 general election, Borg was appointed Minister for Finance in the new center-right cabinet led by Prime Minister Fredrik Reinfeldt.
Borg has been recognised as the mastermind behind the new Swedish government's economic doctrine, focusing on proactive measures against unemployment: an incremental dismantling of the social democratic welfare state, with larger self-financing of welfare systems, lower taxes and fewer benefits as the way to create new motivation to work and more business opportunities and creation of jobs. He developed these New Classical Economics policies in his role as chief economist in the Moderate Party.
Borg was born in Stockholm, Sweden. He studied political science, economic history, and philosophy at Uppsala University. He also attended Stockholm University from 1995 to 1997, where his studies in economics included participation in graduate level courses despite the fact that he had not completed a bachelor's degree. He has yet to earn an academic degree.
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