Government guidelines for economic policy approved

Published: 20 June 2018 at 16.59

The Riksdag voted in favour of the Government's Spring Fiscal Policy Bill, which contains the Government's proposals for guidelines concerning economic and budget policy.

The Swedish economy is faring well and is benefiting from an increasingly robust global economic upturn. The Riksdag shares the Government's assessment that GDP growth in 2018 is expected to be relatively high, at 2.8 per cent. In turn, this is expected to lead to an increase in employment and a fall in unemployment to 6.1 per cent by 2020. However, risks and uncertainties have also been identified that could lead to different economic developments than those one outlined in the Government's forecast. This could include the political direction of the American government, the withdrawal negotiations between the EU and the UK and the high level of indebtedness among Swedish households, for example.

The Riksdag agrees with the Government that political initiatives should continue to focus on increasing security, sustainability and equality nationwide. The strength of the Swedish economy should benefit everybody and policies should be based on the principle of prioritising joint investments in the future over major tax cuts. The target of achieving the lowest level of unemployment in the EU should continue to guide economic policy.

Policies should also focus on initiatives to ensure that more people enter the workforce, more police are recruited, the welfare system is reinforced by way of more resources for municipalities and healthcare, and that an equal knowledge-based education is available to all via more teachers and training places and higher teacher salaries. Furthermore, climate initiatives should be expanded to ensure that Sweden can become a fossil-free welfare state.