Opposition Criticizes Swedish Government's 2026 Budget as Desperate Move

The opposition fears that the government's giant budget suggests that it has lost control and been struck by panic. It feels fairly desperate, says the Social Democrats' economic policy spokesperson Mikael Damberg.

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Opposition Criticizes Swedish Government's 2026 Budget as Desperate Move
Photo: Christine Olsson/TT

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Minister of Finance Elisabeth Svantesson (The Moderate Party) announced on Thursday that the budget for 2026 includes new initiatives worth 80 billion kronor – more than most people had expected.

Svantesson has lost control of the Swedish economy, says Damberg.

According to him, the government's economic policy in recent years has failed to bring Sweden out of the low-growth economy and must therefore invest 80 billion in new initiatives.

It's three lost years and ordinary people have had to take the hit for the government's failed economic policy, says Damberg.

He accuses the government of having previously lowered taxes for those with "the absolutely highest incomes".

Concealing

When asked if 80 billion is too much, Damberg responds:

Difficult to assess, since we do not know the effects on the public finances. The Minister of Finance is concealing how large the deficits will be, but there is a great risk that we will once again get a right-wing government that leaves behind large deficits.

When asked if 80 billion is enough to get the Swedish economy going, Damberg says:

It depends on what you do with the money.

The Left Party's economic policy spokesperson Ida Gabrielsson accuses the government of "cynical electioneering" by waiting to invest more money in those with lower incomes in previous years.

The Center Party's spokesperson Martin Ådahl says:

The impression is that they are panicking and throwing out an election pork barrel budget. They are throwing money around without having any strategy.

"Lucky Budget"

Ådahl states that the 80 billion will only get the economy going if used correctly.

It did not work the last time they introduced such a lucky budget and it will not work this time either.

Ådahl is calling for a "real" growth and entrepreneurship policy and for taxes to be lowered so that it becomes cheaper for companies to hire.

If they do not come up with major initiatives in that area, they have really sold the butter and lost the money.

The Green Party's economic policy spokesperson Janine Alm Ericson also emphasizes the importance of using the billions correctly.

"Although families with children, healthcare, and schools have needed money throughout the entire term, they have not received enough from the government," she states in writing.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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