Minister for Finance
“Creating growth in a way that is socially and ecologically sustainable and fairly distributed is one of the crucial issues of our time. It is also an issue where Sweden has good prospects of being at the forefront.”
News from Magdalena Andersson
Very serious situation for the global economy and the Swedish economy
Minister for Finance Magdalena Andersson presents the new forecast from the Ministry of Finance today.
The virus outbreak has had a serious impact on economic growth, both in Sweden and around the world. This is a combined shock to supply and demand, with knock-on effects between countries. The level of uncertainty in the forecast is very high. This assessment is based on analyses of how different sectors are affected by the measures taken to limit the spread of the virus and how the economy has reacted in previous crises. The global economy, like the Swedish economy, is expected to enter a recession with strongly negative GDP growth in 2020.
Crisis package for jobs and transition
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 virus outbreak is having a major impact on the Swedish economy and many people have become, or risk becoming, unemployed. To alleviate the impact on the labour market, a crisis package for jobs and transition is now being presented.
Crisis package for small enterprises in Sweden
The Government is now presenting additional measures to mitigate the economic impact of the COVID-19 virus outbreak. To mitigate the impact on the Swedish economy, a crisis package for businesses and jobs, and several other measures, was presented earlier. To particularly alleviate the impact for small and medium-sized enterprises, a crisis package is now being presented for Swedish entrepreneurs.
State credit guarantees to airlines to mitigate the effects of SARS-CoV-2
The Government proposes that airlines be able to receive credit guarantees in 2020 amounting to a maximum of SEK 5 billion, of which SEK 1.5 billion is intended for SAS. It will also be proposed that the Swedish Export Credit Agency’s credit guarantee framework be expanded to support Swedish export companies and, by extension, the shipping industry.
Crisis package for Swedish businesses and jobs
The Government is now presenting additional measures to mitigate the financial impact of the 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.
Additional amending budget due to the coronavirus
Due to the coronavirus, a proposal for an additional amending budget is being presented today. The proposal is based on an agreement between the Swedish Social Democratic Party, the Centre Party, the Liberal Party and the Green Party.
Content from Magdalena Andersson
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Sweden in new economic situation
Minister for Finance Magdalena Andersson today presented the Government’s latest economic forecast and the focus of the autumn budget during the Government’s discussions at Harpsund. The Government’s reforms will reduce unemployment next year.
New measures of wellbeing
‘New measures of wellbeing’ is a framework of 15 indicators of economic, environmental and social dimensions of quality of life. The indicators, intended to complement GDP as a measure, will be an instrument for monitoring trends in people’s quality of life and the long-term sustainability of the economy.
More older people and children in the coming decade means increased needs for schools, health and social care
Today the Ministry of Finance presents the latest forecast for the economy and public finances, along with an analysis of future demographic needs. By 2025 the number of children and older people in Sweden will have increased significantly, resulting in a greater need for public welfare services. Resources for these services will also increase. The forecast for net lending has been revised sharply upwards both for this year and for the coming years.
The 2017 Spring Budget: Building our society – for security and a sustainable future
On 7 April 2017, Sweden suffered a horrific attack. It was an attack not only against those directly affected, but an attack against all of us. The attack aimed to undermine our open and democratic society. This will never happen. Sweden will stand together. We will continue building our society – a society characterised by resolve, trust and confidence in the future. Policy work for a better and stronger society continues, and today the Government is presenting a spring amending budget and guidelines for economic policy, including new economic forecasts. The public finances are in surplus for each year of this electoral period. Sweden’s economy is strong, employment is at record levels and unemployment is falling.
Magdalena Andersson and Isabella Lövin to attend Spring Meetings of World Bank and IMF in Washington
Minister for Finance Magdalena Andersson and Minister for International Development Cooperation and Climate, and Deputy Prime Minister, Isabella Lövin will attend the Spring Meetings of the World Bank Group and the International Monetary Fund (IMF) on 20–23 April in Washington D.C. The main themes of the meetings are the state of the global economy, inclusive growth, and the future role and resources of the World Bank.
Smaller EU budget and Sweden’s contribution must be kept down – the Government’s general priorities ahead of the upcoming EU budget negotiations
The EU’s new budget must be smaller than the current one and Sweden’s contribution must be kept down. Money should go to common areas such as migration and security rather than to agricultural aid, and payments to Member States must be subject to the condition that joint decisions in the area of migration are followed. This is the Government’s position ahead of the upcoming EU budget negotiations that was presented by Prime Minister Stefan Löfven and Minister for Finance Magdalena Andersson today.
Government proposes strengthening Riksbank’s financial independence
The Ministry of Finance today submitted a proposal that would strengthen the financial independence of the Riksbank by setting down in law a targeted level for its capital. The proposal also contains rules on how the Riksbank is to be recapitalised and how dividends to the State may be paid. In addition, it clarifies that borrowing in advance for the foreign exchange reserve may only be done if there are exceptional grounds. This proposal is in line with the Committee on Finance’s report from June 2016 which had the support of all parties represented in the Riksdag.
Sweden praised in new OECD report
OECD Secretary-General Mr Angel Gurría has today presented their report on Sweden’s economic situation. This time a special focus is on equality and gender equality. The OECD also expresses clear support for the Government’s fiscal policy. The report is part of the OECD’s regular review of the economies of its member countries.
Prime Minister Stefan Löfven attends World Economic Forum in Davos
Prime Minister Stefan Löfven will take part in the World Economic Forum Annual Meeting in Davos on 17–18 January. This year's theme is Responsive and Responsible Leadership and in his meetings Mr Löfven will highlight the importance of greater equality and reduced economic disparities in the wake of globalisation.
Swedish economy still strong
Sweden demonstrates continued economic strength, with positive and stable growth, reduced unemployment and substantially strengthened public finances with a surplus also this year. This is the message from Minister for Finance Magdalena Andersson as she presents the Ministry of Finance’s latest economic and public finances forecast today.