Ministry of Finance
The Ministry of Finance is responsible for issues concerning central government finances, including coordination of the central government budget, forecasts and analyses, tax issues, and management and administration of central government activities. The Ministry is also responsible for matters concerning financial markets, consumer legislation and housing and community planning.
News from Ministry of Finance
Budget Bill for 2021: Working Sweden out of the crisis – together
The Government is presenting the Budget Bill for 2021 to the Riksdag today. The Government proposes a powerful, green restart package for the Swedish economy, but also long-term reforms that will help solve societal problems.
Content from the Ministry of Finance
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Framework for sovereign green bonds in place
The Government has adopted a framework that will enable an issue of sovereign green bonds. This will be the first time sovereign green bonds have been issued in Sweden. The Swedish framework has been awarded the highest possible environmental grade by the independent reviewer.
The green bond framework
Swedish National Debt Office is instructed by the Government to issue green bonds in 2020 at the latest. The framework differentiates between green bonds and other bonds, and will demonstrate how the proceeds from the bonds are linked to the green expenditures in the central government budget. The framework was presented 5 June 2020.
Sweden’s Convergence Programme 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.
New measures to strengthen care of the elderly and health care during the COVID-19 crisis
As a consequence of the COVID-19 pandemic, the Government, the Centre Party and the Liberal Party are today presenting new measures. A boost for care of the elderly is being implemented that means that employees in care of the elderly will be offered paid education and training during working hours. This will lead to more permanent positions.
Reinforced measures for employees and businesses
Several of the economic measures presented by the Government, the Centre Party and the Liberal Party to mitigate the impact of the virus outbreak will be reinforced, including reimbursement for the first day of sickness and central government responsibility for businesses’ sick pay costs. In addition, the ceiling for unemployment benefits will be raised from day 101.
Businesses to receive support based on loss of turnover
The Government, the Centre Party and the Liberal Party today presented an additional measure to mitigate the impact of the virus outbreak on Swedish jobs and businesses. The measure involves reorientation support totalling SEK 39 billion.
Swedish Financial Supervisory Authority to monitor climate reporting of financial market actors
The Swedish Financial Supervisory Authority is to work to ensure that the financial system contributes to sustainable development. Climate change is central to this work as it has a major global impact and clear connections to financial stability.
The Government has decided on a temporary discount for fixed rental costs in vulnerable sectors
After the European Commission approved the Government’s state aid notification on Wednesday, the Government could today adopt an ordinance on a discount for fixed rental costs in vulnerable sectors as a way to mitigate the financial consequences of the virus outbreak. The new aid is based on an agreement between the Government, the Centre Party and the Liberal Party.