The Swedes’ ability to economize with the pennies they have has been put to the test for several years. However, after a time of high inflation, expensive food, skyrocketing mortgage interest rates and record high electricity and fuel prices, the Swedish economy has begun to look somewhat brighter.
And the positive development will continue into next year.
– I think it will lighten up many people’s wallets in 2025, has Frida Brattsavings economist at Nordnet Bank, previously told News24.
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Photo: Henrik Montgomery/TT
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The winners in 2025 – they get more money in their pockets
The budget for 2025, which was presented by the Minister of Finance Elisabeth Svantesson (M) in September this year, for example, offers several reforms in the form of tax breaks – something that benefits some more than others.
When Nyheter24 talks to Frida Bratt, she points out some of next year’s “winners” from a financial perspective.
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The proposal to ease taxes and spend SEK 26.7 billion from the budget proposes, among other things, an even stronger employment tax deduction, reduced pensioner tax and reduced taxes on fuel.
Abolished flight tax:
SEK 0.9 billion
Reduced petrol tax:
SEK 3.2 billion
Reduced tax on ISK savings:
SEK 4.4 billion
Phased-out phase-out of the employment tax credit:
SEK 4.7 billion
Reduced tax for pensioners:
SEK 2.5 billion
Enhanced employment tax credit:
11 billion kroner
Total: SEK 26.7 billion (44 percent of budget)
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– Wage earners will get a tax cut next year, while real wages themselves will increase when inflation falls. If you have been able to keep your job in this recession, you will therefore have better finances next year, especially if you are also a mortgage borrower. Low- and middle-income earners get the largest income tax reduction in percentage terms, but high-income earners also get a so-called marginal tax cut, she says and continues:
– Those who have savings also get slightly better conditions because a tax-free basic level of SEK 150,000 is introduced, while at the same time the tax above this level falls slightly thanks to a slightly lower government loan interest rate.
Frida Bratt. Photo: Press image/Nordnet Bank
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At the same time, Bratt emphasizes that Sweden is still in a recession, although things will look brighter next year.
– But this means that it is sluggish in certain sectors where people may risk losing their jobs.
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