Swedish Budget Promises Tax Cuts and Increased Spending to Ease Costs for Households While Bolstering Security

Swedish government promises 39 billion crowns ($3.5 billion) in tax cuts and more spending on welfare, defense, and criminal justice in 2024 budget.
Aims to ease impact of inflation and rising rates on households, with measures like higher in-work tax credits and lower fuel duties.
Spending increases for police and justice system amid heightened internal security threats from gang violence.
More funds allocated for defense as Sweden moves to meet NATO target of 2% of GDP.
Budget allows room to act further if economic recession deepens, according to Finance Minister.

reuters.com

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Posted 9/20/2023, 8:23:00 AM