Background & Purpose

Governments regularly adjust their budgets throughout the year to address new needs or changing economic conditions. This autumn budget update was needed to fine-tune Sweden's finances for the remainder of 2023.

Proposals & Debate

The government proposed increasing the state budget by 24.9 billion SEK for 2023, with changes across 19 spending areas, including higher congestion taxes in Stockholm and Gothenburg. It also suggested that Sweden cancel certain EU emission allowances between 2025 and 2030.

The Decision

The Swedish Parliament decided to approve the government's autumn amending budget for 2023. This means the proposed budget increases and other measures, including higher congestion taxes, will now be implemented.

Does this affect you?

  • Commuters in Stockholm and Gothenburg: Will pay higher congestion taxes when driving in and out of the city centers.
  • Swedish Government: Manages an increased state budget and foregoes revenue from emission allowance auctions.
  • Industries in EU Emissions Trading System: May see slight market adjustments due to Sweden's cancellation of emission allowances.

In Practice

  • The Swedish state budget for 2023 will increase by 24.9 billion SEK.
  • Congestion taxes in Stockholm and Gothenburg will become more expensive.
  • Sweden will give up potential revenue by cancelling specific EU emission allowances from 2025 to 2030.
  • Funds will be reallocated across 19 different government spending areas.