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Economics

Sweden Is Heading Toward a More Expansionary Budget

  • Parliament votes on competing spending plans on Wednesday
  • Sweden is struggling to form a government after September vote
Pedestrians walk outside the Riksdag Swedish Parliament building in Stockholm.

Pedestrians walk outside the Riksdag Swedish Parliament building in Stockholm.

Photographer: Mikael Sjoberg/Bloomberg

Sweden’s political turmoil may end in a more expansionary budget, with the biggest income tax cuts since 2007.

That’s because the 2019 spending plan proposed by the conservative Moderates and the Christian Democrats will likely be backed by the nationalist Sweden Democrats, allowing it to pass in a vote on Wednesday in the deeply divided parliament.