Central government budget

The COVID-19 pandemic is a serious threat to people’s lives and health. Serious economic consequences will follow in its wake. In five additional amending budgets, the Government, the Centre Party and the Liberal Party have presented proposals for active measures to limit the spread of the virus and mitigate the economic effects on society. Today, the Government presents the 2020 Spring Fiscal Policy Bill and the Spring Amending Budget for 2020 with additional measures. All of these measures total over SEK 100 billion.

The Government, the Centre Party and the Liberal Party are now presenting further measures to alleviate the impact of the virus outbreak on jobs and the economy in Sweden. The ongoing pandemic is having a major impact on the Swedish economy. The focus of the crisis packages already presented has been to get measures in place quickly. Today sees the presentation of improvements to the system for short-term layoffs so that it will be even more impactful.

Many municipalities and regions have been hit hard financially by the ongoing outbreak of COVID-19. The Government, the Centre Party and the Liberal Party therefore intend to propose additional funding totalling SEK 22 billion in the spring amending budget for 2020, which will be presented on 15 April. This additional funding will be provided both as increased general government grants and an increased amount to cover additional health care and social services costs.

Minister for Finance Magdalena Andersson presents the new forecast from the Ministry of Finance today.

The Government, the Centre Party and the Liberal Party are now presenting further measures to alleviate the impact of the virus outbreak on jobs and the economy in Sweden.

The Government has proposed a temporary discount for fixed rental costs in vulnerable sectors to mitigate the economic impact of the COVID-19 virus outbreak. The proposal is based on an agreement between the Government, the Centre Party and the Liberal Party.

On Wednesday 25 March, a proposal was presented for loan guarantees to companies adversely affected by the COVID-19 virus outbreak. The aim is to make it easier for primarily small and medium-sized enterprises to access financing.

In light of the COVID-19 virus, the Government on March 19 decided that its proposed additional amending budget for 2020 will include a supplementary system of support for short-time work schemes. The new system was presented on Monday by the Government, together with the Centre Party and the Liberal Party, and means that central government will take a greater share of the costs for short-time work in 2020. It is proposed that the new rules enter into force on 7 April, but that they apply from 16 March.

The Government is now presenting additional measures to mitigate the economic impact of the COVID-19 virus outbreak. The proposals are based on an agreement between the Swedish Social Democratic Party, the Centre Party, the Liberal Party and the Green Party.

On 20 March, the Government, the Centre Party and the Liberal Party presented further measures to mitigate the impact of the virus outbreak on Swedish jobs and businesses.