Economic policy is about ensuring the efficient functioning of the Swedish economy, moderating the ups and downs in the economy and redistributing economic resources between individuals and over time.
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News about economic policy
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.
The Swedish fiscal policy framework
The fiscal policy framework is an instrument to ensure that fiscal policy is sustainable and transparent in the long term. Certain principles are regulated by law, while others are based on the practice that has gradually developed since the 1990s. In June 2016, a cross-party agreement was concluded on changes to the fiscal policy framework. In April 2018, the Government presented a written communication to the Riksdag containing a cohesive description of the framework.
Content about economic policy
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Authorisation to take part in the recapitalisation of SAS AB
The Government proposes that the Riksdag authorise the Government to take part on behalf of the State in a recapitalisation of SAS AB (SAS) with an amount totalling SEK 5 billion at most. SAS is important to meeting society’s fundamental needs in terms of accessibility by air travel in Sweden, Denmark and Norway. This authorisation means that the Swedish State will be given a mandate to take the measures necessary to enable the State’s participation in a recapitalisation of SAS. If the Swedish State is to take part in a recapitalisation, the Government will work to ensure that SAS sets new ambitious goals to reduce emissions. Participation of the Swedish State also requires approval by the European Commission.
The Government proposes a capital injection of SEK 3 150 million to Swedavia
The Government proposes a capital injection of SEK 3 150 million to Swedavia AB in the amending budget to be presented to the Riksdag today. This capital injection will enable the Government to guarantee a state aviation network with good accessibility throughout the country.
The Government proposes a capital injection of SEK 150 million to Lernia
The Government proposes a capital injection of SEK 150 million to Lernia AB in the amending budget to be presented to the Riksdag today. This capital injection will give Lernia the conditions to strengthen its financial standing to be able to continue its activities in the area of adult education and staffing.
Government boosts Almi Invest’s investment power to bridge crisis in small innovative businesses
Together with the Centre Party and the Liberal Party, the Government is proposing an additional SEK 400 million for Almi Invest. The additional funding is aimed at bridging the crisis in small innovative businesses and avoiding the loss of structural capital and intangible assets in the life science sector and others.
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.
Greater scope for Almi Invest to be an active investor in innovative companies
The Government has decided to change the requirements on Almi Invest’s operations to facilitate investments in new and existing innovative companies. The measure is part of the Government’s efforts to facilitate the supply of capital to companies and reduce the economic consequences of the virus outbreak.
EU leaders discussed economic recovery
The COVID-19 virus is primarily a risk to human life and health. But it has also had serious consequences for jobs and the economy, both globally and in Sweden. Economic recovery following the COVID-19 crisis was the theme when Prime Minister Stefan Löfven met his EU colleagues via a videoconference on 23 April.