Guidelines for economic and budgetary policy

The plan wants full employment to be the overarching goal for fiscal and monetary policy and demands massive investments in climate, jobs and welfare instead of restraint. A more active policy against price increases, investments in the labour market, secured welfare and expanded fossil-free electricity production respond to this. The plan's opposition to increased militarisation, however, goes against the counter-proposal's defence investment.

• full employment as goaldecisive»Vänsterpartiet vill att full sysselsättning ska vara det« (party programme ↗)“The Left Party wants full employment to be the”
• massive investments»Men då krävs stora satsningar, omfördelning och massiva investeringar för att ge människor goda levnadsvillkor, ta itu med klimatkrisen och skapa jobb i hela landet.« (2022 manifesto ↗)“But that requires major investments, redistribution and massive investments to give people good living conditions, tackle the climate crisis and create jobs across the whole country.”
• more resources to welfare»Att vi i Vänsterpartiet anser att mycket mer resurser ska och kan satsas på välfärd, klimatinvesteringar, vård och jobbpolitik än vad de andra partierna gör« (2022 manifesto ↗)“That we in the Left Party believe much more resources should and can be invested in welfare, climate investments, care and job policy than what the other parties do”
• against increased militarisation»Vänsterpartiet anser att Sverige ska vara en röst för fred och rättvisa, inte för ökad militarisering.« (2022 manifesto ↗)“The Left Party believes Sweden should be a voice for peace and justice, not for increased militarisation.”

Worldstate weighed in: Inflation 9.7 per cent and key interest rate 3.5 per cent — the plan's demand for active policy against price increases weighs more heavily than budget consolidation; Unemployment 7.2 per cent and zero growth — the plan's goal of full employment argues for investments ahead of austerity

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.

The plan builds on targeted and smart support against price increases, active labour market policy in economically uncertain times, defence appropriations of two percent of GDP and rapidly expanded electricity production to press down electricity prices. The counter-proposal's demand for more active policy against price increases, increased investment in labour market and defence, secured welfare and vigorous expansion of fossil-free electricity meets these commitments point by point.

• targeted support against price increasesdecisive»Stöd till de som drabbas hårdast av prisökningarna. Med riktade och smarta stöd kan vi stötta människor utan att driva på inflationen.« (2022 manifesto ↗)“Support for those hit hardest by price increases. With targeted and smart support we can support people without driving up inflation.”
• active labour market policy»En aktiv arbetsmarknadspolitik för fler jobb är särskilt viktig i ekonomiskt oroliga tider.« (2022 manifesto ↗)“An active labour market policy for more jobs is especially important in economically uncertain times.”
• increased defence appropriations»Anslagen till det militära försvaret ska öka till motsvarande två procent av BNP.« (2022 manifesto ↗)“Appropriations for military defence shall increase to two percent of GDP.”
• expanded electricity production»Minska trycket på elpriserna genom en snabbt utbyggd elproduktion.« (2022 manifesto ↗)“Reduce pressure on electricity prices through rapidly expanded electricity production.”

The plan's economic line is major public investments in the transition, strong safety nets and those with the most money contributing more, and that fiscal and monetary policy shall moderate economic fluctuations and work for stable prices and low unemployment. The counter-proposal's active policy against price increases, investments in the labour market and secured welfare lies closer to the plan than an approach that merely holds to budget targets. However, that electricity production is described as fossil-free rather than renewable is a deviation from the plan, so the confidence is low.

• major transition investmentsdecisive»investera minst 100 miljarder per år i att ställa om så att Sverige blir ett fossilfritt välfärdsland senast år 2030.« (2022 manifesto ↗)“invest at least 100 billion per year in transforming so that Sweden becomes a fossil-free welfare nation by 2030.”
• secured welfare»Vi vill bygga skyddsnäten starka så att alla kan vara trygga och ingen lämnas utanför.« (2022 manifesto ↗)“We wish to build the safety nets strong so that everyone can be secure and no one is left out.”
• stable prices and low unemployment»penningpolitik dämpa effekter av konjunkturvariationer och verka för stabila priser och låg« (party programme ↗)“monetary policy moderate the effects of economic fluctuations and work for stable prices and low”
• the richest contribute more»att de med mest pengar, som också orsakar större utsläpp, ska bidra mer till omställningen och välfärden genom en progressiv beskattning av kapital.« (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.”

Worldstate weighed in: Inflation 10.5 per cent and policy rate 3.5 per cent — Price stability becomes an acute goal that the plan has not dimensioned for, which makes active measures against price increases relevant; Rising unemployment 7.2 per cent and zero growth — Strengthens the plan's demands for investments in the labour market and welfare ahead of tightening

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.

The plan's decisive commitment in economic policy is that the fiscal framework shall be protected, that the tax burden shall be reduced and that prices shall be dampened through freer markets and better competition, not through a prices commission. The counter-proposal's broad spending package thus goes against the plan's demand to manage taxpayers' money, even though parts on defence and fossil-free electricity coincide with the plan.

• protected fiscal frameworkdecisive»Det finanspolitiska ramverket ska värnas och förstärkas, och Sveriges långsiktiga ekonomiska stabilitet ska försvaras. Politiken ska hushålla med skattebetalarnas pengar. Mer pengar ska läggas på välfärdens kärna, mindre på bidrag.« (2022 manifesto ↗)“The fiscal framework shall be protected and strengthened, and Sweden's long-term economic stability shall be defended. Policy shall manage taxpayers' money. More money shall be spent on welfare's core, less on benefits.”
• lower tax burden»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 come down next term. We will not participate in any tax increases that harm jobs, personal savings or make it more expensive to live.”
• competition instead of price control»Genom att skapa friare marknader och förbättra konkurrensen kan vi dämpa priserna ytterligare.« (2022 manifesto ↗)“By creating freer markets and improving competition, we can further dampen prices.”

Worldstate weighed in: Inflation at 10.5 percent and policy rate at 3.5 percent — Sharpens the plan's demand for restrained fiscal policy and price dampening through competition; Recession with unemployment at 7.2 percent — Justifies job reforms but not the spending increases the counter-proposal demands

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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.

The plan wants to counter inflationary pressure and stipulates that stable public finances and low state debt is what creates room to meet crises, with market economy as the foundation. A price commission and broad spending increases in a situation of ten per cent inflation goes against that line, even though the plan shares the counter-proposal's demand for increased defence investments and more fossil-free electricity. Overall, the counter-proposal's direction is rejected.

• inflation shall be pressed downdecisive»Vi vill mota inflationstrycket.« (2022 manifesto ↗)“We want to counter inflationary pressure.”
• responsible fiscal policy»Stabila offentliga finanser och låg statsskuld skapar utrymme för Sverige att möta kriser utan att välfärden« (party programme ↗)“Stable public finances and low state debt create room for Sweden to meet crises without welfare”
• no to price regulation»Den fria marknadsekonomin är det mest framgångsrika ekonomiska system som« (party programme ↗)“The free market economy is the most successful economic system that”
• increased defence budgets»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 per cent of GDP already in 2025”

Worldstate weighed in: Inflation 10.5 per cent and policy rate 3.5 per cent — Sharpens the plan's requirement for tight fiscal policy over new spending commitments

The plan establishes that low inflation rate shall be pursued with an independent central bank as the most important means, that public spending shall be characterized by restraint and that state control of wage formation is rejected. A price commission and significantly increased spending in a situation of double-digit inflation goes against this, even though expanded fossil-free electricity production has support in the plan.

• low inflationdecisive»Därför ska låg inflationstakt eftersträvas.« (party programme ↗)“Therefore, low inflation rate shall be pursued.”
• independent central bank»en självständig riksbank med ett uttalat ansvar« (party programme ↗)“an independent central bank with an explicit responsibility”
• restrained spending»återhållsamhet i de offentliga utgifterna.« (party programme ↗)“restraint in public spending.”
• no state price control»Statlig styrning av lönebildningen i form av inkomstpolitik avvisas.« (party programme ↗)“State control of wage formation in the form of incomes policy is rejected.”

Worldstate weighed in: Inflation of 10.5 per cent and policy rate of 3.5 per cent — Strengthens the plan's requirements for restraint and low inflation rate; Economic downturn with rising unemployment — Provides some support for the plan's requirement for jobs for all, but not for price regulation

The plan's decisive commitment in the economic situation is order and stability: the surplus target shall be protected, all new reforms shall be financed and no government can compensate for all price increases. The counter-proposal's price commission and broad spending increases go against that line, even though the plan shares the requirement for increased defence spending and more fossil-free electricity. The plan therefore speaks against the counter-proposal in substance.

• protected surplus targetdecisive»Överskottsmålet ska värnas och det är inte aktuellt att övergå till ett balansmål.« (2022 manifesto ↗)“The surplus target shall be protected and it is not current to switch to a balance target.”
• no price compensation policy»Ingen regering kan kompensera för alla prishöjningar men vi kan städa undan de värsta misstagen som begåtts under de senaste åren.« (2022 manifesto ↗)“No government can compensate for all price increases but we can clear away the worst mistakes made in recent years.”
• prioritisation before spending increases»De stora behoven inom rättsväsendet, försvaret och välfärden ställer stora krav på prioriteringar under åren som kommer.« (2022 manifesto ↗)“The great needs within the justice system, defence and welfare place great demands on prioritisations in the years to come.”
• increased defence spending»Verka för att försvarsanslagen uppgår till motsvarande 2 procent av BNP redan år 2025« (2022 manifesto ↗)“Work for defence spending to amount to 2 percent of GDP already in 2025”

Worldstate weighed in: Inflation 9.7 percent and policy rate 3.75 percent — Sharpens the plan's demands for restrained and financed fiscal policy; GDP indicator around zero and falling business cycle barometer — Increases pressure for labour market measures but does not change budget discipline

The party programme makes sound public finances and the surplus target into basic prerequisites, and the election manifesto wants to review public expenditures and redirect funds rather than inject new ones. The plan also wants to abolish ineffective labor market programs and defends market economy, which speaks against both a price commission and increased labor market investments. With inflation near ten percent these commitments carry even more weight, and the plan therefore rejects the counter-proposal's package.

• sound public financesdecisive»Sunda statsfinanser och respekt för målet om överskott« (party programme ↗)“Sound public finances and respect for the surplus target”
• against ineffective labor market programs»Avskaffa ineffektiva arbetsmarknads- och integrationsprogram som är skapade för att dölja arbetslöshet« (2022 manifesto ↗)“Abolish ineffective labor market and integration programs that are created to hide unemployment”
• reprioritize expenditures»Se över offentliga utgifter och rikta om medel till välfärden och rättsväsendet« (2022 manifesto ↗)“Review public expenditures and redirect funds to welfare and the justice system”
• market economy is defended»Sverigedemokraterna ser att marknadsekonomi, valfrihet inom välfärden och internationell handel gynnar samhället och är viktigt att försvara, men kan samtidigt se att stora välstånd som skapas måste komma fler till del.« (2022 manifesto ↗)“Sweden Democrats see that market economy, choice within welfare, and international trade benefit society and are important to defend, but can at the same time see that great wealth that is created must come to more people's share.”

Worldstate weighed in: Inflation around ten percent and weak economic conditions — Strengthens the plan's demand for sound public finances and speaks against new expenditure increases.