Yes to expenditure limits and revenue in the central government budget 2022

24 November 2021 klockan 16.48

The Riksdag voted in favour of expenditure limits and estimates of revenue in the central government budget for 2022, based on a joint proposal from the Moderate Party, Sweden Democrats and Christian Democrats.

According to the Committee on Finance's proposal, expenditure in the central government budget for 2022 will amount to SEK 1,137 billion. This is approximately SEK 1.1 billion less than the Government's proposal in its Budget Bill for 2022. Central government revenue is expected to amount to SEK 1,189 billion in 2022. This is approximately SEK 1.5 billion less than in the Government's proposal. The central government borrowing requirement will increase by approximately SEK 0.4 billion compared to the Government's estimate in its Budget Bill.

The Riksdag determines the central government budget in two stages. The first decision on the expenditure limits is guiding in the second stage when the Riksdag determines how funds are to be distributed among the budget's 27 expenditure areas.

The Riksdag voted in favour of the following legislative amendments:

  • The basic income tax deduction will be raised for people over the age of 65.
  • The earned income tax credit will be raised for low- and middle-income earners.
  • The right to a tax deduction for gifts will be increased.
  • The rules for temporary employment and assignments in another location will be simplified.
  • Tax on advertising will be abolished.
  • More favourable rules will be introduced for tax on employee share-option plans in certain cases.
  • Tax reductions for sickness and activity compensation will be strengthened.
  • An employer-provided bike benefit will be introduced.

The amendments will come into force on 1 January 2022.

The Riksdag further called upon the Government by way of an announcement to get back to the Riksdag with a proposal to reduce taxes on petrol and diesel so that the price when filling up is reduced by 50 öre per litre from 1 May 2022.