Central government budget (2024)

Inflation coming down and economic situation weakening

Inflation is starting to come down, but Swedish businesses and households are still burdened by high prices and interest rates. This means a weaker economic situation and that the Swedish economy is considered to be in a recession that will last until 2025. These are the Ministry of Finance’s conclusions presented in a new forecast of the economic outlook.

Government budget initiatives to combat antisemitism and support Jewish life

Combatting antisemitism is a high priority for the Government. The budget presented on 20 September includes several initiatives to enhance and shore up these continued efforts. This includes funding to the Jewish Museum, the Living History Forum and the Official Council of Swedish Jewish Communities, and state aid for security-heightening measures.

Reforms on gender equality, working life and efforts to combat racism and discrimination – Budget Bill for 2024

The Government’s Budget Bill for 2024 proposes initiatives to combat and prevent honour-based violence and oppression, and racism and discrimination. The Government also intends to take measures to combat wage guarantee abuse. The proposals are based on an agreement between the Government and the Sweden Democrats. On 20 September, the Government presented the Budget Bill for 2024 to the Riksdag.

Labour market and integration reforms – Budget Bill for 2024

In connection with the Government’s Budget Bill for 2024, several reforms concerning the labour market, integration and efforts to combat social exclusion were proposed. The proposals are based on an agreement between the Government and the Sweden Democrats. The Government presented the autumn budget to the Riksdag on 20 September.

Military budget initiatives for 2024

Sweden is currently facing the most serious security situation since the Second World War. This places new demands on military defence.

Investments in civil defence and crisis preparedness in the autumn budget

In light of the serious security environment, the Government has proposed a number of investments in civil defence and crisis preparedness in the Budget Bill for 2024 and the autumn amending budget for 2023.

From the Budget Bill for 2024: Budget statement

Government presents Budget Bill for 2024

Today, the Government is presenting the Budget Bill for 2024 to the Riksdag. The proposals in the budget aim to address Sweden’s most acute problems. This includes combating inflation and managing its effects through assistance to households and the welfare system. Defence and the judicial system will also receive substantial investments to make Sweden safer and more secure. The reforms in the budget total SEK 39 billion next year. The budget is based on an agreement between the Government and the Sweden Democrats.

The Budget for 2024 in five minutes

Sweden is in an economic winter. Inflation and high interest rates are putting pressure on both households and businesses. At the same time, the security environment has deteriorated. In a difficult economic situation, the Government is prioritising combating inflation, assisting households and the welfare system, and strengthening the judicial system and defence. Against this background, the Government presents its Budget Bill for 2024 with reforms totalling SEK 39 billion next year.

Major investments in military defence and NATO targets projected to be reached

In the Budget Bill for 2024, the Government proposes additional funding to military defence amounting to approximately SEK 700 million. Taking into account upward adjustments and previous decisions, appropriations for military defence will increase by more than SEK 27 billion between 2023 and 2024 – an increase of 28 per cent. This means that appropriations have doubled since 2020 and that Sweden will already reach the defence expenditure target of two per cent of GDP according to NATO’s definition in 2024. In the Budget Bill, the Government also estimates additional funding for 2025 and 2026 amounting to approximately SEK 1.2 billion and SEK 7.4 billion, respectively.

New assignment and increased funding to Psychological Defence Agency

On 29 August, Minister for Civil Defence Carl-Oskar Bohlin held a press conference with acting Director General of the Psychological Defence Agency Magnus Hjort. They presented a status report on the extensive malign influence campaigns targeting Sweden. They also announced a new assignment for the Psychological Defence Agency, accompanied by increased funding.

High inflation continues to impact Swedish economy

The weakening economic situation has pushed the Swedish economy into recession in 2023. High inflation and higher interest rates combined with waning international demand are the primary reasons for the flagging economy. These are the conclusions of a new forecast of the economic outlook from the Ministry of Finance. At the same time, Minister for Finance Elisabeth Svantesson reports that the reforms in the forthcoming autumn budget will amount to an estimated SEK 40 billion.

Inflation puts pressure on economy and households

The effects of rising prices and interest rates on the Swedish economy are becoming increasingly clear, according to the Ministry of Finance’s latest macroeconomic and public finances forecast presented today.

Central government annual report 2022 - summary, Skr. 2022/23:101

From the Spring Fiscal Policy Bill 2023: Guidelines for economic and budget policy

Continued investigations of M/S Estonia

In the 2023 Spring Amending Budget, the Government proposes that the Swedish Accident Investigation Authority be allocated SEK 25 million for further investigations of the M/S Estonia in 2023. As part of its investigations, the Authority will salvage the vessel’s bow ramp and photograph and film the vehicle deck.

Government presents 2023 Spring Fiscal Policy Bill

Today, the Government is presenting the 2023 Spring Fiscal Policy Bill and the Spring Amending Budget for 2023. Sweden’s economy is in recession, with the highest inflation in more than 30 years. In light of this, the Government is presenting a Spring Amending Budget aimed at protecting particularly vulnerable households and lowering inflation. The budget is based on an agreement between the Government and the Sweden Democrats.

The 2023 Spring Budget in five minutes

The Government presented its Spring Budget on 17 April. The budget has been submitted in an uncertain environment – with war raging in our vicinity, strained European energy markets and Sweden’s highest inflation in more than 30 years.

Strengthening Sweden’s military defence and preparations for NATO membership

Today the Government has presented investment proposals that will be included in its Spring Amending Budget. The proposals aim to create conditions for the continued growth of Sweden’s military defence and make preparations for NATO membership. Increased appropriations totalling SEK 660 million are proposed in the Spring Amending Budget for 2023. In addition, it is proposed that the Swedish Armed Forces’ authorisation to place orders be increased by SEK 16.78 billion.

Budget Bill for 2023 – reforms to strengthen Sweden in challenging times

The Government today presented the Budget Bill for 2023 to the Riksdag. Among the proposals contained in the Bill are reforms to support Swedish households and businesses, strengthen welfare, increase security and bolster defence. It also includes measures for increased fossil-free electricity production, reduced emissions and a cleaner environment. The Budget Bill is based on an agreement between the Sweden Democrats, the Moderate Party, the Christian Democrats and the Liberal Party.