SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Nuclear Power Costs Worry the Government's Watchdog

The Fiscal Policy Council, the government's watchdog in economic policy, wants to see a broad political agreement on what nuclear power is allowed to cost the state treasury and how the money is to be allocated.

» Published: 08 September 2024

Nuclear Power Costs Worry the Government's Watchdog
Photo: Christine Olsson/TT

It's about "enormous amounts" that cannot be shaken out by making exceptions in the state's economic framework, according to the council's chairman Lars Heikensten and vice chairman Annica Sundén, who write on DN Debatt.

But if politicians agree that nuclear power is necessary to achieve things like climate transition, it's reasonable that it's financed by the state borrowing for it, according to the council, and the national debt increases. Then, the economic framework must be adapted to it, and politicians must weigh the costs against other pressing needs that the state treasury should cover.

The model proposed by the government's investigator on how new nuclear power should be paid for involves the state lending 300 billion kronor to those who want to build nuclear power. But there should be preparedness for loans of up to twice that, 600 billion kronor, according to the investigator.

"Most important is that no new exceptions are made from the framework. In the annual assessment of public finances, a financing of nuclear power must under all circumstances be included", write Heikensten and Sundén, and continue:

"All public expenditures and commitments must be weighed against each other, including nuclear power. Otherwise, we soon have no fiscal policy framework."

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

USA introduces trade tariffs against its neighbors
2 MIN READ

USA introduces trade tariffs against its neighbors

Google ends criticized news experiment
2 MIN READ

Google ends criticized news experiment

USA inflation stays put
1 MIN READ

USA inflation stays put

German Inflation Falls Unexpectedly
1 MIN READ

German Inflation Falls Unexpectedly

Coordinator: Establish a State Nuclear Power Company
1 MIN READ

Coordinator: Establish a State Nuclear Power Company

The State Sells Lernia
1 MIN READ

The State Sells Lernia

Japan is forced to tap into its reserves
1 MIN READ

Japan is forced to tap into its reserves

Brexit - a Swedish export success
3 MIN READ

Brexit - a Swedish export success

Autoliv Improves Profit
1 MIN READ

Autoliv Improves Profit

High electricity prices in Norway may increase your electricity prices
3 MIN READ

High electricity prices in Norway may increase your electricity prices

Court: Bank prohibited from charging unclear late fees
1 MIN READ

Court: Bank prohibited from charging unclear late fees

Multiple Countries Question Deepseek
1 MIN READ

Multiple Countries Question Deepseek

The Government Cuts AP Funds
1 MIN READ

The Government Cuts AP Funds

Strong Growth for Hemnet
1 MIN READ

Strong Growth for Hemnet

More banks lower mortgage rates
1 MIN READ

More banks lower mortgage rates

SCA increases dividend
1 MIN READ

SCA increases dividend

Stock market up – over 7 percent in January
1 MIN READ

Stock market up – over 7 percent in January

SKF expects continued slow sales
1 MIN READ

SKF expects continued slow sales

Households shop more – but not ecologically
1 MIN READ

Households shop more – but not ecologically

Fuel Chains Forced to Stop Publishing Prices
2 MIN READ

Fuel Chains Forced to Stop Publishing Prices