he served as an adviser on monetary policy issues to the executive board of the Swedish central bank Riksbanken. He was recruited as Chief Economist of the Moderate Party in 2003 by Bo Lundgren 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. Minister for Finance Following the victory in the 2006 general election, Borg was appointed Minister for Finance in the new centre-right cabinet led by Prime Minister Fredrik Reinfeldt, that assumed office on 6 October 2006. 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. On 5 September 2007, Minister for Defence Mikael Odenberg resigned from the cabinet due to disagreement with Borg regarding funds for the Swedish Armed Forces. On 29 November 2008, Borg, in an interview on Swedish TV4, criticized US President-elect Barack Obama's economic agenda calling it "untenable". Although his policies have been described as economically liberal, Borg has a different view. "One can probably call me a quite pragmatic politician. For me, the highest priority is to make sure that we have sound public finances." Other work Borg was advisor to the Finnish government from 2014 to 2015. He was called for this work by the Moderate Party's Finnish sister party the National Coalition Party and its companion the Centre Party of Finland. The purpose was to use the reputation of Sweden and Swedes in marketing unpopular policies to Finnish people in a situation where International Monetary Fund was in bad light due to its operations in Greece and Spain. In 2015, Borg is deputy chairman of Investment AB Kinnevik and Millicom. He resigned as deputy chairman of technology investment group Kinnevik and as adviser to Citigroup 2017 amid a scandal over his allegedly drunken behavior at a party. In 2018 Borg joined IPsoft as Senior Advisor, with main role to promote the company's AI platform Amelia. Personal life Borg was previously married to Susanna