2024-06-182023/24:FiU20 · p.1FiUEconomy & finance

Guidelines for economic policy

What's at stake: The guidelines shape how fiscal policy is weighed against monetary policy during the downturn and affect everything from support for municipalities and regions to retraining opportunities for the unemployed, defence funding and pensioners' finances.

Case texts and AI reasoning are AI-translated from the Swedish originals; the Swedish text is authoritative.

What the vote decides

The question concerns the overall direction of economic policy - a carefully balanced fiscal policy that continues fighting inflation and invests in growth on the back of strong public finances, versus an alternative that instead prioritizes higher welfare funding, a shift in how healthcare, schools and elderly care are financed, and higher pensions.

Yes Yes — the committee proposal

The committee shares the government's assessment that there is now scope to steer policy toward more normal business-cycle management and investment in Sweden, with a carefully balanced fiscal policy that continues fighting inflation while restoring households' purchasing power and addressing structural problems in healthcare, education and the labour market.

No No — the reservations

Reservation 1 (S)

The reservation (S) calls for economic policy grounded in reality that prioritizes cohesion, with long-term certainty for regions on healthcare financing, a shift in how schools, healthcare and elderly care are funded by uprating general state grants in line with rising costs, higher pensions aiming for 70 percent of final salary, strengthened defence capability and more resources against organized crime, instead of the government's tax cuts for high earners.

Summarised from the committee report. Party labels in the summary come from the report, not from the vote.

VSMPCLKDMSD
YesNoAbstainAbsent

What do the votes mean here?

Yes The committee proposal: approving what the committee proposes and rejecting the motions (keeping things as they are).

No Backing the counter-proposal: reservation 1 by S.

Abstain The party marks a position of its own that is not one of the two final alternatives.

What each plan points to — and how the party voted

For each party: the vote its own election manifesto and party programme point to in this case, next to how the party actually voted. A plan can only point to Yes or No; a party can also abstain.

PlanVoteConfidenceEvidence
VNoAbstain 0/0/20/4departs from the planconfidence: highderived
Sown reservationNoNo 0/93/0/13follows the planconfidence: highexplicit
MPNoAbstain 0/0/15/3departs from the planconfidence: mediumexplicit
CYesAbstain 0/0/21/3departs from the planconfidence: mediumderived
LYesYes 13/0/0/3follows the planconfidence: mediumderived
KDNoYes 16/0/0/3departs from the planconfidence: lowderived
MYesYes 60/0/0/8follows the planconfidence: highexplicit
SDNoYes 63/0/0/9departs from the planconfidence: mediumderived

Committee proposal

Parliament approves the guidelines for economic policy that the government proposes. Thereby parliament grants proposition 2023/24:100 points 1 and 2 and rejects the motions 2023/24:790 by Markus Kallifatides (S), 2023/24:1519 by Elin Söderberg et al. (MP) request 14, 2023/24:2111 by Jesper Skalberg Karlsson and Johanna Hornberger (both M), 2023/24:2891 by Nooshi Dadgostar et al. (V), 2023/24:2892 by Martin Ådahl et al. (C), 2023/24:2893 by Daniel Helldén et al. (MP) and 2023/24:2894 by Magdalena Andersson et al. (S).

Original (Swedish)

Riksdagen godkänner de riktlinjer för den ekonomiska politiken som regeringen föreslår. Därmed bifaller riksdagen proposition 2023/24:100 punkterna 1 och 2 samt avslår motionerna 2023/24:790 av Markus Kallifatides (S), 2023/24:1519 av Elin Söderberg m.fl. (MP) yrkande 14, 2023/24:2111 av Jesper Skalberg Karlsson och Johanna Hornberger (båda M), 2023/24:2891 av Nooshi Dadgostar m.fl. (V), 2023/24:2892 av Martin Ådahl m.fl. (C), 2023/24:2893 av Daniel Helldén m.fl. (MP) och 2023/24:2894 av Magdalena Andersson m.fl. (S).

Riksdag decision: Parliament said yes to the government's proposal for guidelines for economic policy in the spring economic bill. Economic policy should be directed towards laying the foundation for recovery, higher growth and better welfare, as inflation falls while the effects of the economic downturn become increasingly apparent. Parliament shares the government's assessment that although there are large uncertainties, there is now room for directing policy towards more normal cyclical policy and investing in Sweden. A low government debt and strong public finances provide room for further investments for higher growth. Through a well-balanced fiscal policy, inflation should continue to be combated. The work line should be restored and structural reforms should be implemented to increase productivity and improve long-term growth. Sweden should be built stronger and richer through investments in infrastructure, climate transition, research, energy production, regulatory simplifications and skills supply, and by continuing the work to reduce crime. Tax policy is a central part of economic policy and should encourage entrepreneurship, enterprise, hard work and higher education.

Counter-proposals

Plan vs actual vote

Every party, in chamber order: what its own plan pointed to, how it voted, and the reasoning behind both. Highlighted rows are where the two differ — but a vote that follows the plan is a result too, so the reasoning is there for every party.

VVänsterpartietNoAbstaindeparts from the planderived

The plan is based on those with large capital assets or high incomes contributing more to welfare and points out how reduced taxes on the wealthy pressure municipalities and regions towards cuts.

Plan documents: 2022 manifesto · party programme

Reasoning and quotes

The plan is based on those with large capital assets or high incomes contributing more to welfare and points out how reduced taxes on the wealthy pressure municipalities and regions towards cuts. The counter-proposal's requirement for cohesion and long-term security for welfare ahead of tax cuts for high-income earners, clarity on healthcare financing, indexed state grants and higher pensions corresponds to this. The requirement for strengthened defense capacity, however, goes against the plan's resistance to militarization.

Original (Swedish)

Planen bygger på att de med stora kapitaltillgångar eller höga löner ska bidra mer till välfärden och pekar ut hur sänkta skatter på de förmögna pressar kommuner och regioner till nedskärningar. Motförslagets krav på sammanhållning och långsiktig trygghet för välfärden framför skattesänkningar för höginkomsttagare, besked om sjukvårdens finansiering, kostnadsuppräknade statsbidrag och höjda pensioner motsvarar detta. Kravet på stärkt försvarsförmåga går däremot emot planens motstånd mot militarisering.

  • welfare before tax cutsdecisive»Vänsterpartiet har en skattepolitik som ser till vilka behov som finns och där de med stora kapitaltillgångar eller höga löner får bidra mer till välfärden än de gör idag.« (2022 manifesto ↗)“The Left Party has a tax policy that looks at what needs exist and where those with large capital assets or high incomes contribute more to welfare than they do today.”
  • state funds to municipalities and regions»I takt med att skatterna på de mest förmögna minskat ökar trycket på lokal- och regionalpolitiker att höja skatten för att slippa skära ner ytterligare.« (2022 manifesto ↗)“As taxes on the most wealthy have decreased, pressure on local and regional politicians increases to raise taxes to avoid further cuts.”
  • pensions to live on»När du blir gammal ska du kunna leva på din pension, inte bara överleva.« (2022 manifesto ↗)“When you grow old, you should be able to live on your pension, not just survive.”
  • against militarization (qualifying)»och deeskalering. Vi vänder oss emot militarisering och kapprustning.« (party programme ↗)“and de-escalation. We oppose militarization and arms race.”

The plan takes no explicit position on what the committee actually decided — often because the committee's reason was procedural. The stance is derived and fully cited, but it does not show the party broke a commitment.

SSocialdemokraternaNoNofollows the planexplicit

The counter-proposal wants to prioritize the long-term financing of welfare ahead of tax cuts for high earners, with increased state grants, raised pensions to 70 percent of final salary and strengthened defence and police.

Plan documents: 2022 manifesto

Reasoning and quotes

The counter-proposal wants to prioritize the long-term financing of welfare ahead of tax cuts for high earners, with increased state grants, raised pensions to 70 percent of final salary and strengthened defence and police. The election manifesto contains exactly these commitments: increased state grants to municipalities and regions, that large tax cuts make this impossible, the pension target of 70 percent, significantly more police and two percent of GDP to defence. The plan therefore supports the counter-proposal's demands.

Original (Swedish)

Motförslaget vill prioritera välfärdens långsiktiga finansiering framför skattesänkningar för höginkomsttagare, med uppräknade statsbidrag, höjda pensioner mot 70 procent av slutlönen samt stärkt försvar och polis. Valmanifestet innehåller exakt dessa åtaganden: ökade statsbidrag till kommuner och regioner, att stora skattesänkningar omöjliggör detta, pensionsmålet 70 procent, kraftigt fler poliser och två procent av BNP till försvaret. Planen stöder därför motförslagets krav.

  • increased state grants to welfaredecisive»Vi vill fortsätta öka statens bidrag till kommuner och regioner.« (2022 manifesto ↗)“We want to continue increasing the state's grants to municipalities and regions.”
  • welfare before tax cuts»Stora skattesänkningar omöjliggör det.« (2022 manifesto ↗)“Large tax cuts make this impossible.”
  • pension target of 70 percent»Vårt mål är att alla ska få minst 70 procent av slutlönen i pension.« (2022 manifesto ↗)“Our goal is that everyone shall receive at least 70 percent of their final salary as pension.”
  • increased defence appropriations»Anslagen till det militära försvaret ska öka till motsvarande två procent av BNP.« (2022 manifesto ↗)“Appropriations for the military defence shall increase to two percent of GDP.”
MPMiljöpartietNoAbstaindeparts from the planexplicit

The election manifesto commits that those with the most money shall contribute more to welfare while those with the least resources get more public services, which is the counter-proposal's prioritization of cohesion before tax cuts for high earners.

Plan documents: 2022 manifesto

Reasoning and quotes

The election manifesto commits that those with the most money shall contribute more to welfare while those with the least resources get more public services, which is the counter-proposal's prioritization of cohesion before tax cuts for high earners. The plan also demands raised guaranteed pensions and a reformed pension system and strengthened resources for care and elderly services, in line with demands on healthcare financing and raised pensions. The demand for strengthened defense capacity aligns only partially, since the plan wants to move a larger share of defense spending to civil defense.

Original (Swedish)

Valmanifestet åtar sig att de med mest pengar ska bidra mer till välfärden medan de med minst resurser får mer samhällsservice, vilket är motförslagets prioritering av sammanhållning framför skattesänkningar för höginkomsttagare. Planen kräver också höjd garantipension och ett reformerat pensionssystem samt stärkta resurser till vård och omsorg, i linje med kraven om sjukvårdens finansiering och höjda pensioner. Kravet på stärkt försvarsförmåga stämmer däremot bara delvis, eftersom planen vill flytta en större andel av försvarets pengar till civilt försvar.

  • redistribution before tax cutsdecisive»att de med mest pengar, som också orsakar större utsläpp, ska bidra mer till omställningen och välfärden genom en progressiv beskattning av kapital. De med minst resurser ska få mer samhällsservice, lägre skatt och mer stöd i omställningen.« (2022 manifesto ↗)“that those with the most money, who also cause greater emissions, shall contribute more to the transition and welfare through progressive taxation of capital. Those with the least resources shall get more public services, lower tax and more support in the transition.”
  • raised pensions»höja garantipensionen och reformera pensionssystemet med syfte att höja pensionerna, mest för de med de lägsta pensionerna.« (2022 manifesto ↗)“raise the guaranteed pension and reform the pension system in order to raise pensions, most for those with the lowest pensions.”
  • resources for care»förbättra vård och omsorg för äldre och stärka resurserna till hemsjukvården.« (2022 manifesto ↗)“improve care and services for elderly and strengthen resources for home healthcare.”
  • civil defense prioritized»satsa en större andel av försvarets pengar på det civila försvaret, och öka anslagen till krisberedskap.« (2022 manifesto ↗)“invest a larger share of defense spending in civil defense, and increase appropriations for crisis preparedness.”

The stance rests on the quoted commitment in the party's own documents; the actual vote deviated. Click the quote to verify it in the document.

CCenterpartietYesAbstaindeparts from the planderived

The election manifesto commits the party to lowering the total tax burden and not contributing to tax increases, as well as to protecting the fiscal framework and putting more toward the core of welfare than on benefits.

Plan documents: 2022 manifesto

Reasoning and quotes

The election manifesto commits the party to lowering the total tax burden and not contributing to tax increases, as well as to protecting the fiscal framework and putting more toward the core of welfare than on benefits. The counter-proposal turns this prioritization around by placing enumerated state grants and a pension target of 70 percent of final salary against tax cuts. The plan also rejects short-term populist initiatives and wants to protect the pension system's long-term sustainability, which speaks against a politically set replacement target.

Original (Swedish)

Valmanifestet binder partiet till att sänka det totala skattetrycket och att inte medverka till skattehöjningar, samt till att värna det finanspolitiska ramverket och lägga mer på välfärdens kärna än på bidrag. Motförslaget vänder på den prioriteringen genom att ställa uppräknade statsbidrag och ett pensionsmål på 70 procent av slutlönen mot skattesänkningar. Planen avvisar också kortsiktiga populistiska satsningar och vill värna pensionssystemets långsiktiga hållbarhet, vilket talar emot ett politiskt fastställt ersättningsmål.

  • lower total tax burdendecisive»Det totala skattetrycket måste ner nästa mandatperiod. Vi kommer inte att medverka till några skattehöjningar som skadar jobben, det egna sparandet eller gör det dyrare att bo.« (2022 manifesto ↗)“The total tax burden must be reduced in the next mandate period. We will not contribute to any tax increases that harm jobs, personal savings or make housing more expensive.”
  • protect fiscal framework»Det finanspolitiska ramverket ska värnas och förstärkas, och Sveriges långsiktiga ekonomiska stabilitet ska försvaras. Politiken ska hushålla med skattebetalarnas pengar.« (2022 manifesto ↗)“The fiscal framework should be protected and strengthened, and Sweden's long-term economic stability should be defended. Policy should be economical with taxpayers' money.”
  • reject short-term initiatives»Ett resultatinriktat ledarskap som säger nej till kortsiktiga populistiska satsningar och istället söker långsiktiga och konstruktiva överenskommelser förankrade i mitten.« (2022 manifesto ↗)“Results-oriented leadership that says no to short-term populist initiatives and instead seeks long-term and constructive agreements anchored in the center.”
  • sustainable pension system»Vi måste försvara pensionssystemets långsiktiga rättvisa och hållbarhet.« (2022 manifesto ↗)“We must defend the pension system's long-term fairness and sustainability.”

Worldstate weighed in: Inflation 3.9 percent and policy rate 3.75 percent — Sharpens the plan's requirement that inflation control and household margins come before new spending commitments; Unemployment 8.6 percent — Gives the plan's work line and employment tax cuts increased weight in the guideline decision

The plan takes no explicit position on what the committee actually decided — often because the committee's reason was procedural. The stance is derived and fully cited, but it does not show the party broke a commitment.

LLiberalernaYesYesfollows the planderived

The plan's economic line is that the work line should be re-established through a broad job tax credit and falling marginal rates, which is incompatible with a policy that explicitly deprioritizes tax cuts for high-income earners.

Plan documents: 2022 manifesto · party programme

Reasoning and quotes

The plan's economic line is that the work line should be re-established through a broad job tax credit and falling marginal rates, which is incompatible with a policy that explicitly deprioritizes tax cuts for high-income earners. The plan simultaneously states that tax cuts should not be financed with lowered welfare ambitions, and it shares the demands for stronger defence and police, but the overarching prioritization in the counter-proposal goes against the plan.

Original (Swedish)

Planens ekonomiska linje är att arbetslinjen ska återupprättas genom ett brett jobbskatteavdrag och sjunkande marginalskatter, vilket är oförenligt med en politik som uttryckligen prioriterar bort skattesänkningar för höginkomsttagare. Planen slår samtidigt fast att skattesänkningar inte ska finansieras med sänkta välfärdsambitioner, och den delar kraven på starkare försvar och polis, men den bärande prioriteringen i motförslaget går emot planen.

  • broad job tax creditdecisive»För att stärka arbetslinjen och hushållens ekonomi i ett oroligt ekonomiskt läge vill vi skyndsamt genomföra ett nytt brett jobbskatteavdrag.« (2022 manifesto ↗)“To strengthen the work line and households' economy in an uncertain economic climate we want to quickly implement a new broad job tax credit.”
  • lower marginal rates»De högsta marginalskatterna bör närma sig snittet i OECD.« (party programme ↗)“The highest marginal tax rates should approach the OECD average.”
  • welfare without lowered ambitions»Skattesänkningar ska därför inte finansieras genom sänkta ambitioner i välfärdspolitiken.« (party programme ↗)“Tax cuts should therefore not be financed through lowered welfare ambitions.”
  • increased defence budget»Vi vill därför redan 2025 se ett försvarsanslag om 2 procent av BNP« (2022 manifesto ↗)“We therefore want to see a defence budget of 2 percent of GDP by 2025”
KDKristdemokraternaNoYesdeparts from the planderived

The election manifesto prioritizes the most important parts of welfare, increased guaranteed pensions and more police officers, which is essentially what the counter-proposal wants to prioritize.

Plan documents: 2022 manifesto · party programme

Reasoning and quotes

The election manifesto prioritizes the most important parts of welfare, increased guaranteed pensions and more police officers, which is essentially what the counter-proposal wants to prioritize. At the same time, the plan requires restraint in public spending and wants to lower taxes for pensioners, which pulls in the opposite direction in the balance against tax cuts. Support is therefore weakly grounded.

Original (Swedish)

Valmanifestet prioriterar välfärdens viktigaste delar, höjd garantipension och fler poliser, vilket är i sak vad motförslaget vill prioritera. Samtidigt kräver planen återhållsamhet i de offentliga utgifterna och vill sänka skatten för pensionärer, vilket drar mot motsatt håll i avvägningen mot skattesänkningar. Stödet är därför svagt underbyggt.

  • welfare core is prioritizeddecisive»Vi prioriterar välfärdens viktigaste delar, samtidigt som vi ger människor utrymme att forma sina egna liv i gemenskap med andra.« (2022 manifesto ↗)“We prioritize the most important parts of welfare, while also giving people room to shape their own lives in community with others.”
  • increased pensions»Höjd garantipension och höjt bostadstillägg för pensionärer.« (2022 manifesto ↗)“Increased guaranteed pensions and increased housing allowance for pensioners.”
  • strengthened police capacity»Fler poliser och höjda polislöner.« (2022 manifesto ↗)“More police officers and increased police salaries.”
  • restraint in spending»återhållsamhet i de offentliga utgifterna.« (party programme ↗)“restraint in public spending.”

The plan takes no explicit position on what the committee actually decided — often because the committee's reason was procedural. The stance is derived and fully cited, but it does not show the party broke a commitment.

MModeraternaYesYesfollows the planexplicit

The plan is based on lower taxes on work, protecting the surplus target and that every new reform must be financed.

Plan documents: 2022 manifesto

Reasoning and quotes

The plan is based on lower taxes on work, protecting the surplus target and that every new reform must be financed. The counter-proposal instead wants to deprioritise tax cuts, automatically increase government grants with costs and link pensions to 70 percent of final salary; the plan instead chooses a mechanism that gives higher pensions when the economy is good. The demands thus conflict with the plan's fiscal framework.

Original (Swedish)

Planen bygger på sänkt skatt på arbete, värnat överskottsmål och att varje ny reform ska finansieras. Motförslaget vill i stället prioritera bort skattesänkningar, räkna upp statsbidragen automatiskt med kostnaderna och binda pensionerna till 70 procent av slutlönen; planen väljer i stället en gas som ger högre pensioner när ekonomin är god. Kraven strider därmed mot planens finanspolitiska ramverk.

  • lower tax on workdecisive»Sänka skatten på arbete så att din ansträngning lönar sig bättre« (2022 manifesto ↗)“Lower the tax on work so that your effort pays off better”
  • surplus target protected»Överskottsmålet ska värnas och det är inte aktuellt att övergå till ett balansmål.« (2022 manifesto ↗)“The surplus target must be protected and it is not current to move to a balanced budget target.”
  • financed reforms»Alla nya löften och reformer – som till exempel våra inkomstskattesänkningar – behöver finansieras eller rymmas inom överskottsmålet.« (2022 manifesto ↗)“All new promises and reforms – such as our income tax cuts – need to be financed or fit within the surplus target.”
  • pensions tied to economic performance»Införa en ”gas” i pensionssystemet som ger högre pensioner när Sveriges ekonomi är god« (2022 manifesto ↗)“Introduce a 'throttle' in the pension system that gives higher pensions when Sweden's economy is good”

Worldstate weighed in: Inflation 3.7 percent and key rate 3.75 percent — Tightens the plan's demands for restrained and financed fiscal policy; Unemployment 8.6 percent — Strengthens the plan's work line ahead of increased transfers

SDSverigedemokraternaNoYesdeparts from the planderived

The plan establishes that public allocations shall be focused first and foremost on the heart of welfare through raised pensions and funds that secure police, healthcare, school and care throughout the country, and that expenses shall be redirected to welfare and the justice system.

Plan documents: 2022 manifesto

Reasoning and quotes

The plan establishes that public allocations shall be focused first and foremost on the heart of welfare through raised pensions and funds that secure police, healthcare, school and care throughout the country, and that expenses shall be redirected to welfare and the justice system. The counter-proposal's prioritization of welfare funding, raised pensions and strengthened defence and police capacity before tax cuts for high earners aligns with that line.

Original (Swedish)

Planen slår fast att offentliga anslag i första hand ska fokuseras på välfärdens hjärta genom höjda pensioner och medel som säkerställer polis, sjukvård, skola och omsorg i hela landet, och att utgifter ska riktas om till välfärden och rättsväsendet. Motförslagets prioritering av välfärdens finansiering, höjda pensioner och stärkt försvars- och polisförmåga framför skattesänkningar för höginkomsttagare ligger i den linjen.

  • heart of welfare is prioritizeddecisive»Offentliga anslag ska i första hand fokuseras för att stärka välfärdens hjärta genom höjda pensioner och medel som säkerställer att polis, sjukvård, skola och omsorg oavsett var i landet man bor.« (2022 manifesto ↗)“Public allocations shall be focused first and foremost on strengthening the heart of welfare through raised pensions and funds that secure that police, healthcare, school and care regardless of where in the country one lives.”
  • raised pensions»Höja pensionerna« (2022 manifesto ↗)“Raise pensions”
  • redirected public funds»Se över offentliga utgifter och rikta om medel till välfärden och rättsväsendet« (2022 manifesto ↗)“Review public expenses and redirect funds to welfare and the justice system”
  • long-term funded defence»Garantera den långsiktiga finansieringen av ett starkt försvar« (2022 manifesto ↗)“Guarantee the long-term funding of a strong defence”

The plan takes no explicit position on what the committee actually decided — often because the committee's reason was procedural. The stance is derived and fully cited, but it does not show the party broke a commitment.

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Sources and documents

Documents under consideration

Source: The Swedish Parliament