The Moderates have previously promised to work to ensure that a family with two working adults will receive 5,000 kronor more per month to get by during the next term of office – if the Moderates are allowed to retain government power.
Now M says that this goal will be achieved, among other things, with a strengthened earned income tax credit that provides up to 1,000 kronor more per month. This would mean 2,000 kronor more to get by for a family with two working adults.
44 billion
It is unclear when the tax cut can be implemented during the next term.
But you can feel confident that it will happen, because we are probably the only party that can finance what we do, says Svantesson.
The strengthened earned income tax credit is estimated to lead to SEK 44 billion in reduced tax revenue for the state during the mandate period.
M also wants to lower taxes on work-related pension income.
Svantesson expects to have 71 billion kronor to finance election promises during the next term. Of this amount, 40 billion kronor will come from general savings in government agencies and more efficient public procurement.
The remaining 31 billion will come from fewer benefit recipients through falling structural unemployment and measures to make it more profitable to work. For example, through stricter time limits in unemployment insurance and a faster phasing-out after day 201 of unemployment insurance. M also expects that the state can reduce spending through less benefit fraud.
“More growth”
According to Svantesson, this is "absolutely" stable financing for the election promises.
In addition, this will strengthen the Swedish economy and welfare by providing more hours worked and more growth, says Minister of Justice Gunnar Strömmer (M).
Reduced aid is also seen as a possible source of financing.
"Other parties must tell us how they intend to finance their election promises. No one can avoid that, because the scope for reform is very limited," says Svantesson.
The Moderates' overall goal for economic policy is that Sweden will have the highest GDP per capita in the EU in ten years and that a family with two full-time salaries will be able to afford to buy their own house.
The Social Democrats' economic policy spokesman Mikael Damberg is critical of M's election promise of lower taxes.
"44 billion in tax cuts when the money runs out risks pushing up interest rates and leading to major cuts in schools and healthcare," he writes.
