Sunday, August 24, 2014

Borg: Required budget reinforcements 25 billion from 2017 to 2018 – Swedish Dagbladet

Borg: Required budget reinforcements 25 billion from 2017 to 2018 – Swedish Dagbladet

It said Finance Minister Anders Borg at a press briefing on Harpsundsvägen on Saturday.

He called that the “shift” that has occurred on the refugee side between June and now the “exceptional” and said it was the largest he seen during his time as finance minister. Meanwhile, he said that it is important to adhere to the policy and take responsibility for the economy.

On the revenue side, the government proposes a higher tax on financial transactions, higher tax and customs surcharges on commercial real estate, higher taxes on vehicles that emit greenhouse gases, a chemical tax and tax on flourerande greenhouse gases. Moreover, the government intends to raise the tax on alcohol and tobacco further.

“Tax increases are a bit ahead time and will need to be calibrated,” said the finance minister.

There is not time to raise some taxes on jobs, businesses or on welfare “center”. Gasoline tax will not be increased and no property taxes will not be introduced, according to Anders Borg.

On the expenditure side, the government wants mainly cut down on labor market policies, which can be done when the situation on the labor market improves. They would also take measures to reduce the long-term ill health and sickness absence and limit the annual appropriations increases in price and salary system.

The government expects a low resource utilization during 2014-2015 and the economy is in the balance until the 2018

“Then we must have dikes and therefore budget improvements made in 2017 and 2018,” he said.

The Finance Minister stressed that the projections may be revised many times and added that if we have negative surprises will you have to make actions have positive surprises have a little more room for maneuver.

At the same time he said that there will be room for campaign promises and they should be funded “dollar for dollar”, but no major reforms may not become involved.

“It is quite clear that there is accountability, it is set in stone,” said Anders Borg.

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