Ministry of Finance

The Nordic and Baltic financial stability authorities have conducted a joint financial crisis management exercise. The exercise was held from 22 to 23 January 2019 and involved 31 authorities from Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden as well as relevant European Union authorities. A staff member of the International Monetary Fund observed the simulation.

The Government today appointed 31 state secretaries at the Government Offices. Former state secretaries have been dismissed from their positions. Most of the state secretaries have previously held corresponding positions at the Government Offices.

Following the Riksdag’s adoption of the joint reservation from the Moderate Party and the Christian Democrats, the Riksdag has decided on appropriations in the 27 expenditure areas. This means that the Riksdag has concluded its processing of the central government budget for 2019. The caretaker government will now implement the decisions taken by the Riksdag.

Below you can read about the central government budget process, the fiscal policy framework and how policy objectives and ideas are put into action through the Government’s various budget proposals.

Under a proposal referred by the Ministry of Finance today, the Swedish Government should be able to issue regulations prescribing that companies domiciled outside the EEA can be exempted – for a certain period of time – from the requirement to hold a licence from Finansinspektionen (the Swedish Financial Supervisory Authority) to provide investment services.

Today the Government adopted guidelines for the management of the central government debt. The maturity steering of the nominal and inflation-linked krona debt are merged. As a result, the maturity interval of the krona debt is changed to between 4 and 6.5 years. The steering of the composition of the debt is left unchanged.

As no new government has taken office, the caretaker government presented the Budget Bill for 2019 to the Riksdag on 15 November. Because of the limited powers of a caretaker government, the budget submitted is based on previous Riksdag decisions and can be adjusted when a new government is formed.

Because no new government has taken office, the caretaker government is presenting the Budget Bill for 2019 to the Riksdag today. A caretaker government has limited powers. The budget being presented is based on previous decisions by the Riksdag and leaves scope for adjustments when a new government is formed. The budget also contains a proposal, supported by broad consensus in the Riksdag, that cannot be implemented in the ongoing fiscal year. This is a proposal to reduce the difference in taxation between pensioners and wage earners that was previously circulated for comment.