The Swedish government plans to reduce the value added tax (VAT), 6%, its budget for 2026 to help households and the economy in the wider economy, Prime Minister Ulphrinson said today at a press conference. Growth has been swallowed amid uncertainty associated with customs duties, with households and businesses hesitating to spend even though there has been a series of interest rate cuts. Government Vice President Eba Bush said the reduction in VAT will be temporary and will be valid from April 2026 to December 2027. “It is a reform that will have the greatest impact on households that have been more difficult,” she said. The right -wing government coalition said last week that the 2026 budget, an election year, would include 80 billion crowns of non -funded measures (ie, not revenue funded public spending) to boost the economy. The government, which provides […]
Source: News Beast
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