Ministry of Finance

Combatting money laundering and terrorist financing is a priority for the Swedish government. This work takes place globally, on the EU level and nationally. In Sweden, several law enforcement and administrative agencies, together with large parts of the private sector, have obligations in this area.

In July 2020, EU heads of state and government agreed on a recovery package to mitigate the effects of the crisis. The package, called NextGenerationEU, comprises EUR 750 billion (2018 prices) in loans and grants to Member States. The main part of this will be channelled through the Recovery and Resilience Facility (RRF). On 28 May 2021, Sweden submitted its recovery plan to the EU.

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.

Today, Minister for Finance Magdalena Andersson presents the Ministry of Finance’s latest economic forecast and the direction of the central government budget for next year. The Ministry of Finance forecasts growth of 4.4 per cent this year and 3.5 per cent next year.

Climate change is one of the most pressing challenges facing the international community. A broad range of policy instruments can be used to curb carbon emissions, and economic instruments such as taxes and emissions trading are critical elements of any comprehensive mitigation strategy.

This compilation contains a selection of acts and ordinances – both new and amended – that enter into force in mid-2021.

The Swedish economy is recovering rapidly after the deep downturn last year. The Ministry of Finance’s latest forecast calls for GDP to grow by 4.7 per cent this year, which is 1.5 percentage points higher than in the forecast presented in connection with the Spring Budget in April. Public finances are also expected to be stronger than in the previous forecast.

How many people work at the Government Offices? What was the central government budget like last year? How many acts and ordinances were issued last year? The answer to these and other questions can be found in the Swedish Government Offices Yearbook 2020.

The Stability and Growth Pact is a set of rules for coordinating fiscal policy between EU Member States. The purpose of these rules is to ensure sound public finances. Every April, Member States are to submit stability and convergence programmes. Sweden and other Member States that have not adopted the euro submit convergence programmes, whereas Member States that have adopted the euro submit stability programmes. The programmes are used by the Commission and the Council in their assessment of Member States’ fiscal policies and situations.

Today the Government presents the guidelines for economic policy and the Spring Amending Budget with further measures to limit the spread of the virus and alleviate the consequences of the pandemic for the economy and also to work Sweden out of the crisis. The proposals presented in connection with the Spring Fiscal Policy Bill total almost SEK 45 billion. The proposals are based on an agreement between the government parties, the Centre Party and the Liberal Party.

Resilience in the Swedish economy is strong and the recovery will gather strength in the second half of 2021. As activity increases, the labour market will also gain strength. Despite this, the situation remains serious, especially for those whose position in the labour market is weak. This is clear from the Ministry of Finance’s most recent forecast, presented today by Minister for Finance Magdalena Andersson.

As Chair of the International Monetary and Financial Committee (IMFC), the International Monetary Fund’s (IMF) highest advisory body, Ms Anderson will lead meetings and negotiations on the IMF’s upcoming work. She will also take part in the G20 meeting.

Prime Minister Stefan Löfven today announced a government reshuffle. Two new ministers have been appointed, and two ministers have been given revised areas of responsibility. Minister Isabella Lövin is leaving her post.

To bring order to the gambling market and strengthen protection for consumers, a new Gambling Act was introduced on 1 January 2019. The Act includes stronger regulation of gambling advertising and the introduction of a national licence system for gambling operators. The Government is now continuing its work to address the remaining challenges

Businesses that are unable to operate as a result of a closure decision under the new Pandemic Act will be able to receive financial support to cover their fixed costs during the closure. Up to 100 per cent of the costs will be reimbursed. The proposal is based on an agreement between the Government, the Centre Party and the Liberal Party.