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When the government presented its fall budget two weeks ago, reforms and proposals were outlined at a historically high value of 105 billion Swedish crowns. Sweden’s Democrats want to go even further and propose in their shadow budget stimuli of 150.5 billion Swedish crowns. Investments must be paid for by the state by borrowing money.
– It is financed by an increase in the central government debt, but we can manage that, says Oscar Sjöstedt (SD), economic-political spokesman.
He believes that there are good reasons to increase indebtedness in the short term more than the government, but that SD also has a plan to return to surplus. The plan includes savings on, among other things, climate and environment, development assistance and labor market policy.
The biggest investment in the SD budget there is a cash grant for all Swedish citizens who are registered in Sweden. The proposal was launched in a DN debate and means that 10,000 SEK will be distributed to everyone over the age of five. Younger children receive 5,000 SEK.
– It aims to boost consumption, says Oscar Sjöstedt.
It highlights that households have not been able to benefit from the numerous support measures put in place during the crown crisis and that, therefore, it is necessary to stimulate consumption, especially for those with lower incomes. However, SD cash support is distributed to everyone, including the high-income.
– We have landed on a simple and easy to understand model. It is fair and equal for everyone, says Oscar Sjöstedt.
The proposal would cost just over SEK 90 billion to implement, but SD expects some to come back through increased VAT payments. That money should only be distributed to Swedish citizens motivates SD by saying that they want to stop cheating and that they should not send money out of the country. It is also an ideological position that the Swedish state is primarily responsible for its own citizens.
SD’s budget also includes significant investments in the judiciary and municipalities. Among other things, SD wants to give 10 billion crowns per year to municipalities through the municipal equalization system.
SD is also proposing a reduction in employer contributions for all companies during the first half of 2021.
– This is a direct injection into the private business world. We think it is good with broad general measures, says Oscar Sjöstedt.
