Statistics Sweden today presented GDP growth figures indicating that GDP increased by 0.3 per cent in the third quarter of this year.
"Recovery is being hampered by weak growth in other countries, which is affecting the export sector. Domestic demand is showing somewhat better growth. It is crucial to support the domestic economy when exports fail to do so," says Minister for Finance Anders Borg.
Today the Government adopted guidelines for the management of the central government debt. The direction of debt policy remains unchanged. The debt shares and interest rate refixing periods for central government debt remain unchanged.
Anders Borg, Minister for Finance
18 September 2013
20 September 2012
Minister Dr Wolfgang Schäuble and Minister Anders Borg
7 September 2012
7 June 2012
On September 18, the Government presented its proposed central government budget for 2014 to the Riksdag. The Government considers that there is scope for reforms in excess of SEK 24 billion next year, and proposes investments in measures to increase employment, pupils' knowledge and business competitiveness, while welfare and cohesion is strengthened and the environment and climate protected.
The Government is currently discussing the work on the budget for 2014. In this connection, Minister for Finance Anders Borg gave an account of the economic situation and the context for work on preparing the central government budget for 2014.
"We will use the strength of our public finances to energise and support a recovery. At the same time we will maintain safety margins. Laying a firm foundation for recovery is key to driving unemployment down," says Minister for Finance Anders Borg.
On 9-10 May, Minister for Finance Anders Borg ,Minister for Foreign Affairs Carl Bildt, Minister for International Development Cooperation Gunilla Carlsson, Minister for Trade Ewa Björling, and Minister for EU Affairs Birgitta Ohlsson will be taking part in the World Economic Forum on Africa (WEF) in Cape Town. On 5-12 May, in connection with the WEF, some of the ministers will also visit Ethiopia, Nigeria, Angola and Zimbabwe.
The global financial and debt crisis is now in its fifth year. The Government is continuing to counter the weak economic situation with a responsible fiscal policy for jobs and stability. In the 2013 Spring Fiscal Policy Bill, the Government is proposing additional measures in education, work experience, infrastructure and regional development. All in all, the Government is investing some SEK 3 billion in 2013 and 2014, the greater part of it this year.
Anders Borg met French Finance Minister
On 25 March, Minister for Finance Anders Borg welcomed French Minister for the Economy and Finance Pierre Moscovici. They discussed the economic situation, among other things. After the meeting the ministers held a joint press briefing.
The Financial Crisis Committee today submitted an interim report to Minister for Financial Markets Peter Norman. The proposal aims to both prevent financial crises and deal with them more effectively, in order to minimise the costs to public finances.
"It is important to secure substantial buffers against financial crises and have a framework in place to alleviate harmful effects and safeguard taxpayers' interests", says Mr Norman.
The interim report will now be circulated for comment ahead of further processing at the Government Offices.
On 23-25 January, Minister for Finance Anders Borg will be in Davos, to participate in the World Economic Forum. Anders Borg will participate is several meetings, mainly focused on how we can rebuild and strengthen competitiveness, partly from a European perspective, but also in other parts of the world. He will participate in discussions on how structural reforms are best created and implemented, lead a workshop on how Europe can create long-term sustainable growth as well as lead a discussion on the measures required to rebuild confidence in the global economy. Mr Borg will also participate in a discussion of the specific economic challenges facing several African countries.