Anders Borg (M): It has 25 billion in Treasury – Swedish Dagbladet

Anders Borg (M): It has 25 billion in Treasury – Swedish Dagbladet

As the rain poured down over Harpsundsvägen when Finance Minister Anders Borg presented the government’s view of the economy coming term of office was a weather metaphor almost inevitable.

– We are now in a position where we have a position of strength and we’ll get back to the levees. For there is a weather as we know always recur, and it is winter, said Anders Borg.

During the press conference, he spoke of a slower recovery of the Swedish economy, with growth of 1.9 percent for 2014 and at 3 per cent for next year. He also announced that, if the Government is to achieve its surplus target of 1 percent of GDP in 2018, have 25 billion in the Treasury in 2017 and 2018. He also mentioned that he talked about earlier in the week that “troubles elsewhere “will mean increased costs for the reception of refugees in Sweden 12 billion per year in the coming term.

is the reason why you think that these budgetary reinforcements needed?

– We make a broader assessment of the Swedish economy where we see the effects of reduced income due to concerns in the world, and slower growth in the United States and Germany.

– Then we have a need to meet a right sharp increase in asylum reception. Will it work well, we must notify Employment Services and Immigration Service that they have the resources to wait and we must give municipalities clear information, he says.

To cancel the extra the billions the government proposes including banks and insurance companies should be taxed more heavily. Moreover want Anders Borg raise money through the establishment of an investigation to counter tax evasion in the commercial property sector.

How much does the tax increases in dollars?

– There is a number of years in the future and may change, but as it stands in order of size are we talking about roughly 17-18 billion.

The Government also proposes that taxes on environmentally unfriendly cars to be increased, a proposal that the Centre Party has pushed for. In addition to that the government limit certain expenses, including the save on the civil service and local government costs.

Anders Borg’s growth forecast has received a mixed response from the banks. According to Annika Winsth, chief economist of Nordea, the partially optimistic.

– For the current year’s growth of around two percent a fairly reasonable assessment. However, I think he is too optimistic for the coming years, especially in the long term. Our assessment is rather that we should have a growth rate of 2-2.5 percent even in 2015 and 2016 there is the much higher, she said to TT.

Robert Bergqvist, chief economist SEB, told the news agency:

– The picture he paints of the Swedish economy by 2018 is a very positive image. Since it can be noted that he has a serious tone when it comes to space ventures, but the figures speak for themselves – the Swedish economy is on the right path, he says.