V presentations budget proposal with recovery fund in Sweden

The Left Party (V) has presented its budget proposal under the banner “Climate, Welfare, and Growth,” which includes a recovery fund amounting to 20 billion kronor aimed at revitalizing welfare services. Party leader Nooshi Dadgostar emphasized the need for a paradigm shift in Sweden, highlighting the necessity to recover from 14 years of cuts.

Vänsterpartiet has rejected the government’s proposed tax cuts, which total 30 billion kronor. Among their recommendations are a reintroduction of a tax on plastic bags, opposition to further cuts on fuel taxes, and the elimination of the Rut tax deduction and the new job tax reduction. They also propose raising taxes on high-income earners while reducing taxes for the sick and unemployed. Additionally, V plans to increase income pension supplements by over 300 kronor per month.

Overall, Vänsterpartiet’s budget is projected to be 130 billion kronor larger than that of the government, advocating for a 60 billion kronor increase in taxes. V proposes enhanced support for children and plans to abolish the waiting period for sickness benefits. They aim to boost unemployment benefits, sick leave pay, parental benefits, and housing assistance.

Furthermore, V aims to invest 3 billion kronor in a green transition for the labor market and plans to allocate 2 billion kronor to strengthen job placement services, including hiring 1,200 new employment advisors.

According to V, families with three children and a monthly income of 125,000 kronor would see a reduction of 1,650 kronor monthly under their budget, while a single unemployed parent with two children would receive an additional 13,500 kronor.