Broad agreement on the reduction of surplus – Västerbotten Courier

Economy. A parliamentary committee have made up over the block boundaries of the surplus target is lowered to 0.33 per cent from the current 1 percent over a business cycle.

at the same time introduced a debt anchor in the framework, according to Jens Henriksson, CEO of Folksam and chair of the Committee.

– the principle of a surplus in the public finances are solid, he said.

the so-called debt anchor is proposed to be 35 per cent of GDP. If the debt deviates by more than 5 percentage points from 35 percent government will send a letter to parliament and explain what happened.

– It may not be wrong to deviate from the target. It may have been something big has happened, like Lehman Brothers or something similar, says Jens Henriksson.

Over the block boundaries

The deal means that the block boundaries in Parliament now agreed on the principle for the budgetary framework, with a surplus in normal times to have the resources for more critical stages, explains Moderates economic policy spokesperson Ulf Krister Petersson at a joint press conference with representatives of the alliance parties in parliament.

– the political unity has great value in itself. It gives very great credibility to Sweden, says Krister Petersson.

Erik Ullenhag (L) also emphasizes unity as the most important right now. But he welcomes the fact that the new rules, some tightening, since in the new framework’s objectives also include old age pension and the municipal sector.

– If you look historically is likely this tighter than per cent target, says Ullenhag.

in force in 2019

the new regulations should the proposal come into force on 1 January 2019 and it should be according to the agreement are evaluated every eight years, according to Jens Henriksson.

the Committee also proposes new election committee procedures to the Fiscal Policy Council, which also will have a more pronounced role in the monitoring of the surplus target.

– It is good for Sweden to be agreed a good fiscal framework, says Jens Henriksson.

the committee has worked on the proposal for a year and the deal was finalized today.

All the political parties in parliament except the Sweden Democrats stand behind the agreement.