Central government budget

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.

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.

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.

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.

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.

Russia’s invasion of Ukraine has led to rising fuel and electricity prices. To strengthen Sweden in this extraordinary situation, the Government is presenting a package of measures with both short- and long-term investments. The package includes reduced fuel taxes, a new compensatory payment for fuel costs for private individuals who own cars, increased housing allowance for families with children and a new travel deduction system. Minister for Finance Mikael Damberg presented this package at a press conference today

On Sunday 27 February, Prime Minister Magdalena Andersson and Minister for Defence Peter Hultqvist held a press conference on direct support to Ukraine. Sweden’s support consists of both financial support and equipment in response to Russia’s invasion of Ukraine. Following speedy consideration by the Riksdag on 28 February, the Government will now implement these measures.

Following the Riksdag’s adoption of the adjustments to the Government’s Budget Bill for 2022 proposed by the Moderate Party, the Sweden Democrats and the Christian Democrats, the Riksdag has decided on appropriations in the 27 expenditure areas. The Riksdag has thus concluded its processing of the central government budget for 2022.

In the Budget Bill for 2022, the Government proposes a reinforced jobs policy with new measures so that everyone can participate and take Sweden forward after the pandemic. These measures include providing more people with employment training, counteracting long-term unemployment, giving older jobseekers more time in new start jobs and introducing more unemployed people with disabilities to the working world.

Everyone has a right to a safe and secure work environment. A poor work environment should never provide a competitive advantage. Companies that deliberately contravene laws and regulations to gain competitive advantages create unhealthy competition in the labour market. In the Budget Bill for 2022, the Government proposes three measures to create security in the labour market and curb work-related crime.

Since the infection started to spread, the Government and the Riksdag have taken a large number of measures to safeguard people’s lives, health and livelihoods. At the same time a powerful green restart of the Swedish economy is being implemented. In all, the economic measures taken are worth almost SEK 400 billion for 2020 and 2021. This corresponds to around SEK 40 000 per inhabitant. In addition, around SEK 1 000 billion has been made available in various forms of loans and guarantees.

On 20 September 2021 the Government presented its budget proposal for 2022 to the Riksdag.

The Government is presenting the Budget Bill for 2022 to the Riksdag today. In it, the Government proposes measures to accelerate the climate transition, get more people into work, strengthen the welfare system and make Sweden a safe country for all. In total, reforms worth approximately SEK 74 billion are involved.

Men’s violence against women must stop. This is a priority issue for the Government. In the Budget Bill for 2022, the Government proposes a range of measures to prevent and combat men’s violence against women and honour-based violence and oppression. This involves permanent funds and government grants, and a sheltered housing reform for adults and children who are subjected to violence.