The Government Promises Billions for Infrastructure

The Government presents initiatives for entrepreneurship, research, and infrastructure in the autumn budget. More money is also promised for maintenance of roads and railways. We are entering a phase of major future investments, says Prime Minister Ulf Kristersson (The Moderate Party).

» Updated: October 03 2024

» Published: September 03 2024

The Government Promises Billions for Infrastructure
Photo: Johan Nilsson/TT

The Government held a press conference on Tuesday to present proposals to promote Swedish growth.

Prime Minister Ulf Kristersson (M) said that the Government intends to submit an infrastructure proposal later this autumn, which will include a staggering 1,171 billion kronor between 2026 and 2037.

We are talking about growth reforms that will make the Swedish economy work better in a few years, he said.

The increase in the economic framework of 200 billion kronor is more than what the Swedish Transport Administration has requested, and according to the Government, the agency can now eliminate the entire maintenance debt in the road network.

Busch: Lived well

Minister for Energy and Industry Ebba Busch (KD) blamed previous governments for spending money on "inefficient infrastructure projects".

It is obvious that politics has lived well on previous generations' investments. It's time for our generation to enter a new era of construction.

However, when it comes to the budget to be presented in the autumn, the figure is more modest, with an increase of around two billion kronor for infrastructure maintenance in 2025.

Swedish research will also receive an additional 1.5 billion kronor next year. At the same time, the Government announced that the research proposal to be presented at the end of the year will include 40 billion kronor in 2028.

Swedish research is crucial for Sweden's competitiveness, said The Liberals' Johan Pehrson.

Lower tax

In addition, the Government wants to reduce employer contributions for small businesses. Today, companies can get a reduced employer contribution when the first person is hired, and now it will also be possible to reduce it for the second employee.

The Government also wants more people to be covered by the so-called expert tax.

It should be easier to attract the workforce that is needed in Sweden, says Ulf Kristersson.

Experts, researchers, or other key individuals with special skills who are difficult to recruit can already get a tax reduction – a portion of their income becomes completely tax-free.

Now, the Government is proposing that a person with a salary of 88,000 kronor should get a lower tax compared to if they earn 119,000 kronor today.

This is a significant improvement that makes it easier to recruit foreign experts that we lack in Sweden, says The Sweden Democrats' group leader Linda Lindberg.

The autumn budget will be presented in its entirety on September 19.

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By TTThis article has been altered and translated by Sweden Herald

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