Centre and Liberal parties announce new tax cut proposals

1:03 min

Sweden's government and its parliamentary partners have agreed to cut income taxes by some 13.5 billion kronor in the upcoming budget.

The news, announced by the Centre and Liberal parties, would lower taxes for some 7 million people, with savings equalling out to some 1,500 kronor per year. The cuts would be larger in 2022. The parties say the tax cuts are targeted at low and middle income earners.

The Social Democrat/Green coalition government relies on the votes of the Centre Party and the Liberal Party to get budget proposals though parliament, and through the "January Agreement" the parties also have an influence on the content of the budget.

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