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Government presents 2022 Spring Fiscal Policy Bill
Photo: Ninni Andersson/Government Offices 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.
Defence appropriation to increase to two per cent of GDP
Sweden’s military defence funding is to increase to two per cent of GDP. This was conveyed by Prime Minister Magdalena Andersson at a press briefing with Minister for Finance Mikael Damberg and Minister for Defence Peter Hultqvist.
Impact of Russian invasion on Swedish companies and foreign trade
In light of Russia’s invasion of Ukraine and the following sanctions, the Government is now strengthening preparedness for the Swedish business sector and foreign trade through close dialogue with relevant actors. The economic effects on Sweden are currently limited, but the situation concerning increased energy and oil prices, as well as the turbulent capital market, may deteriorate. There may be quite extensive and serious consequences for the world economy, which is why the Government is closely monitoring developments and is prepared to act depending on how events unfold.
Sweden can do better: the Government’s policy priorities
Sweden has much to be proud of. We have a skilled labour force and a high proportion of Swedish people support themselves by working. Sweden has many innovative and competitive businesses that contribute to jobs and exports. Health care, education and social services are collectively financed and allocated according to need. The level of trust between people is high and Sweden has come a long way in terms of gender equality.
The Government’s work in response to the virus responsible for COVID-19
There is an ongoing outbreak of severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), which causes the coronavirus disease (COVID-19). The Government and the Government Offices are following developments carefully and are in continuous contact with the responsible authorities.
