Comment by Anders Borg before today's Ecofin meeting
On 14 May, Minister for Finance Anders Borg meets the press before the Ecofin Council meeting in Brussels.
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.
The global economy has slowed during the autumn, affecting Swedish companies and causing uncertainty for households. The Ministry of Finance has revised its forecast for the Swedish economy in 2013 and 2014. GDP growth will be weaker and unemployment higher than was forecast in the autumn budget.
On 19 December 2012, the Riksdag took a final decision setting the central government budget for 2013.
The Riksdag set the framework for Sweden's state budget 2012 on 21 November. This first decision concerning the Budget Bill means that the Riksdag has adopted the Government's proposal for the direction of fiscal policy, estimated central government revenues and financial frameworks for the 27 expenditure areas.
The Riksdag considers the Government's budget proposal in two stages. In the first stage, the Riksdag takes a decision on the framework for the state budget and, in connection with this, an economic policy debate is held in the Riksdag. The next stage involves the Riksdag taking a decision on how expenditures are to be distributed in each individual expenditure area. This work continues until the end of December. The Budget Bill is finalised when the Riksdag has taken decisions on all 27 expenditure areas. The preliminary date for this is 19 December.