The Swedish Fiscal Policy Council is a government agency, which was established on the 1st of August 2007. The Council consists of six members and is assisted by a secretariat with five employees. The remit of the Council is to provide an independent evaluation of the Government's fiscal policy.
The Council is to review and assess the extent to which the fiscal and economic policy objectives proposed by the Government and decided by the Riksdag (the Swedish Parliament) are being achieved. These objectives include long-term sustainability of public finances, the surplus target, the expenditure ceiling and consistency of the fiscal policy stance with cyclical developments in the economy. The Council is also to assess whether fiscal policy is in line with long-term sustainable growth and long-term sustainable high employment. The Council's role furthermore includes examining the clarity of the Government's budget bills. It may also evaluate the quality of the economic forecasts and models on which the Government's assessments are based. Finally, the Council is also to work to stimulate more public debate on economic policy.
The Council fulfils its tasks primarily through the publication of the report Swedish Fiscal Policy, which is to be presented to the Government no later than the 15th of May each year. In the years when elections to the European Parliament are held, the report must be presented no later than the 10th of May. The report is used by the Riksdag as a basis for its evaluation of the Government's policy. As part of its remit, the Council also organises conferences and publishes in-depth studies of different aspects of fiscal policy.
The Council's Report
Background Reports 2014
Niklas Bengtsson, Per-Anders Edin och Bertil Holmlund:
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Analys av rörelser i inkomstfördelningen vid införande av jobbskatteavdraget
Den offentliga sektorns skulder och finansiella tillgångar