Convergence Programme for Sweden - 2011 Update

In accordance with the council’s regulation (EC) No 1466/97, Sweden submitted its convergence programme in December 1998. The programme was evaluated and approved by the council during the spring of 1999. In accordance with the council’s regulation, an update of the convergence programme is to be submitted annually and this was carried out as a result of this 1999–2009.

Effective from 2010, reporting within the Stability and Growth Pact has been adjusted according to the European semester to strengthen the monitoring of fiscal policy. The convergence programme and national plan of action is therefore submitted in the spring. This allows budgetary and structural policy to be assessed consistently and recommendations to be made to member states while their budget processes are still at the preparatory stage.

This update of the convergence programme is based on the 2011 Spring Fiscal Policy Bill that the Government submitted to the Riksdag on 13 April 2011. The Riksdag’s Standing Committee on Finance have been informed about the updated programme.