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
Sweden well equipped for economic slowdown
Minister for Finance Magdalena Andersson today presented the Ministry of Finance’s latest economic forecast and the focus of the budget during the Government’s discussions at Harpsund.
“For some time now, we have been saying that we see an economic slowdown ahead. It’s clearer now that we are entering this phase. The risks have increased. At the same time, resource utilisation remains higher than normal and the responsible fiscal policy we have pursued over the past few years has created scope to handle this slowdown. Sweden is well equipped,” say Ms Andersson.
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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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.
EU leaders discuss migration, security and defence in Brussels
At the meeting of the European Council on 22–23 June, EU heads of state and government adopted conclusions on security and defence, and the Paris Agreement on climate change. They also agreed to extend the sanctions against Russia but did not succeed in reaching agreement on the reform of the Common European Asylum System. Prime Minister Stefan Löfven represented Sweden.
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 in five minutes
On 18 April the Government presented its Spring Fiscal Policy Bill and a proposed spring amending budget to the Riksdag. In the Spring Fiscal Policy Bill, the Government presents its economic assessment and the direction of fiscal policy ahead of the budget for 2018. The Spring Fiscal Policy Bill and the proposals in the spring amending budget are based on an agreement between the government parties and the Left Party.
From the Spring Fiscal Policy Bill 2017: Guidelines for economic and budget policy
This section presents the Government's economic and budgetary guidelines in the Spring Fiscal Policy Bill for 2017.
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.
Economy and migration at European Council
When EU leaders gathered at a meeting of the European Council on 9 March, the economic situation in the EU was discussed. The agenda also included the situation in the western Balkans and migration issues with a focus on the situation in Libya. The European Council re-elected Donald Tusk to the position of President. Sweden was represented by Prime Minister Stefan Löfven.
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.