Social Democrats say they can cut waste and save up to 95 billion kronor in tax money

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Social Democrats say they can cut waste and save up to 95 billion kronor in tax money
Photo: Pontus Lundahl/TT

"Then we have calculated conservatively anyway," says the party's economic policy spokesperson Mikael Damberg at a press conference about how S has concluded that it is possible to save 75-95 billion a year in taxpayers' money in the long term.

Take time

But it will take some time, Damberg says, talking about eight years, that is, until 2034.

S believes it can make the state, municipalities and regions' purchases of services and goods at least 50 billion a year cheaper. Strangling the criminal economy, which turns more black money into white income that generates tax revenue, could yield 25-40 billion. And ending profit-taking in preschools and schools could yield 5 billion, the party says.

Damberg also says that the Government Offices may need to save money.

It's about freeing up resources strategically to be able to invest in welfare, Damberg says.

He repeats the criticism of the government's budget management, with loans for reforms and, in billions of kronor, large deficits in the state finances. But several proposals that the government has put forward have also been supported by S, even though it was borrowed money that made them possible - for example, temporarily reducing VAT on food and large temporary reductions in taxes on petrol and diesel.

Not extending them could "save" tens of billions through increased tax revenue. But the Social Democrats have a number of other proposals that come at a cost, and the party has not yet put a price tag on several of them.

Will borrow

When asked if S will borrow for its proposals, Damberg answers, a little hesitantly:

"We will show that we can finance our reforms and bring Sweden back to order. But that does not mean that Sweden will not borrow money in the coming years, we (the parties in the Riksdag) have an agreement to borrow for the expansion of the defence," says Damberg.

The tax increases that the party has proposed so far involve a temporary bank tax and rolling back a previous tax cut for those earning more than 67,000 kronor a month.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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