Economic policy

Sweden’s economy has thus far weathered high interest rates and energy prices better than expected. Next year, however, Sweden will enter a recession that is expected to last until 2025. This is according to the Ministry of Finance’s latest economic forecast presented today by Minister for Finance Elisabeth Svantesson.

The Swedish economy is expected to enter into recession in 2023 amid rising unemployment, according to the Ministry of Finance’s latest economic forecast. Minister for Finance Elisabeth Svantesson presented the forecast today.

Statement made by the Group of Creditors of Ukraine to express solidarity with and support for Ukraine as it defends itself against Russia’s unjustified, unprovoked and illegal war of aggression. The statement was made in connection with a decision by the creditors to provide a coordinated suspension of debt service due by Ukraine from August 1st, 2022 until end-2023, with the possibility of an additional year.

In accordance with a decision of the Riksdag (Swedish Parliament), the Government has, since 1988, published a report on the distribution of economic resources between women and men as part of the Budget Bill.

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.

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 in loans and grants to the Member States. The main part of this will be channelled through the Recovery and Resilience Facility (RRF).

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.

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.

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.

Sweden’s Government is a feminist government, and the work for equality between women and men is important to the Government. The Government’s budget must be designed so that it may contribute to gender equality. The Government Offices therefore continuously works with gender-responsive budgeting, which means that the gender equality effects of the budget policy are evaluated.

Migration, EU–US relations, and security and defence will be on the agenda when Prime Minister Stefan Löfven meets his European Council colleagues on 28–29 June.

As head of the Permanent Representation of Sweden to the European Union, Lars Danielsson represents the Government on a range of important EU issues in Brussels. This work offers him an insight into the EU’s political dynamics shared by few others.

This forecast covers the period up to and including 2020 but focuses primarily on 2016 and 2017. The macro forecast is based on information as at 7 March 2016. The forecast is based on the rules that currently apply and the measures that the Government proposes and announces in the Spring Fiscal Policy Bill and the spring amending budget.

Brazil and Sweden entered into a strategic partnership in 2009. The partnership is accompanied by an action plan which is being updated in connection with President Dilma Rousseff’s visit to Sweden.