Ministry of Finance

Russia’s illegal invasion of Ukraine has led to increased economic uncertainty. According to the Ministry of Finance’s latest economic forecast, an economic downturn is expected both in Sweden and globally. Minister for Finance Mikael Damberg presented the forecast during the Government’s deliberations at Harpsund today.

This compilation contains a selection of acts and ordinances – both new and amended – that enter into force in mid-2022.

Statement made by the Group of Creditors of Ukraine to express solidarity with and support for Ukraine as it defends itself against Russia’s unjustified, unprovoked and illegal war of aggression. The statement was made in connection with a decision by the creditors to provide a coordinated suspension of debt service due by Ukraine from August 1st, 2022 until end-2023, with the possibility of an additional year.

Minister for Finance Mikael Damberg today presented the Ministry of Finance’s latest forecast for the economic situation. Due to high inflation and rising interest rates, growth is expected to slow in the second half of the year. The labour market remains strong, but unemployment is expected to level off next year.

How many people work at the Government Offices? What was the central government budget like last year? How many acts and ordinances were issued last year? The answer to these and other questions can be found in the Swedish Government Offices Yearbook 2021.

In accordance with a decision of the Riksdag (Swedish Parliament), the Government has, since 1988, published a report on the distribution of economic resources between women and men as part of the Budget Bill.

SAS has announced that the company would like to convert debt corresponding to approximately SEK 20 billion into equity in the company. Against that background, the Swedish government has proposed in an additional amending budget that will be adopted today that the Riksdag authorises the Swedish government to convert the Swedish government’s existing state hybrid and the Swedish government’s outstanding loan facilities to shares in SAS. The measures require approval by the Riksdag and the European Commission.

The Government today adopted an additional amending budget with proposals for Sweden to provide Ukraine with financial support and equipment in response to Russia’s invasion. The Government’s proposals include Sweden donating defence materiel in the form of the RBS 17 anti-ship missile system, AG 90 anti-materiel sniper rifles and ammunition, and an additional 5 000 Swedish AT-4 recoilless anti-tank weapons.

The Stability and Growth Pact is a set of rules for coordinating fiscal policy between EU Member States. The purpose of these rules is to ensure sound public finances. Every April, Member States are to submit stability and convergence programmes. Sweden and other Member States that have not adopted the euro submit convergence programmes, whereas Member States that have adopted the euro submit stability programmes. The programmes are used by the Commission and the Council in their assessment of Member States’ fiscal policies and situations.

Combatting money laundering and terrorist financing is a priority for the Swedish government. This work takes place globally, on the EU level and nationally. In Sweden, several law enforcement and administrative agencies, together with large parts of the private sector, have obligations in this area.

On 20–23 April, Minister for Finance Mikael Damberg and Minister for International Development Cooperation Matilda Ernkrans will attend the International Monetary Fund’s (IMF) and the World Bank Group’s Spring Meetings in Washington DC. The Spring Meetings will focus on the economic impact of Russia’s invasion of Ukraine and what the rest of the world should do to support Ukraine and address the impact.

Today, the Government is presenting the 2022 Spring Fiscal Policy Bill and the Spring Amending Budget for 2022. In light of the deteriorating security situation, the Government is presenting a budget to strengthen Sweden that includes both immediate investment and long-term measures to address societal challenges, at a total of SEK 35.4 billion.

Today, the Government is presenting the 2022 Spring Fiscal Policy Bill and the Spring Amending Budget for 2022. In light of the deteriorating security situation, the Government is presenting a budget to strengthen Sweden that includes both immediate investment and long-term measures to address societal challenges.

At a press conference on Wednesday 13 April, Minister for EU Affairs Hans Dahlgren and Minister for Public Administration Ida Karkiainen reported on the Government’s overall efforts in response to Russia’s invasion of Ukraine. The Government’s efforts cover three areas: sanctions against Russia, support to Ukraine and a stronger Sweden.

In order to make it easier for Ukrainian refugees to access banking services, it is proposed that the current obligation for banks to offer payment accounts to all consumers should also apply to Swedish branches of foreign banks. This is stated in a memorandum that the Ministry of Finance is circulating for consultation today.

Today, Minister for Finance Mikael Damberg presents the Ministry of Finance’s latest economic forecast. The Swedish economy is expected to grow by 3.1 per cent this year, a downward revision of 0.3 percentage points compared with the previous forecast. This is because Russia’s invasion of Ukraine impacts economic growth.

In July 2020, EU heads of state and government agreed on a recovery package to mitigate the effects of the crisis. The package, called NextGenerationEU, comprises EUR 750 billion in loans and grants to the Member States. The main part of this will be channelled through the Recovery and Resilience Facility (RRF).

Russia’s illegal, unprovoked and unjustifiable invasion of Ukraine has led to a deterioration in the security situation in Sweden’s neighbourhood and contributed to exceptionally high electricity prices. The Government’s response is based on three important principles: support to Ukraine, sanctions against Russia and strengthening Sweden. Therefore, the Government today adopted a fifth additional amending budget to strengthen Sweden by providing more funding to Sweden’s military defence and temporary financial compensatory payments to households for high electricity prices. These measures have been presented previously.