Social Democrats Accuse Government of Losing Control Over Swedish Economy

Mikael Damberg, the financial policy spokesperson for the Social Democrats, has strongly criticized the current government for its handling of Sweden's economy, following Finance Minister Elisabeth Svantesson's declaration that the reform space for the upcoming mandate period is nearly exhausted. Damberg emphasized that the Social Democrats have been warning about the deteriorating economic conditions for a long time and lamented the right-wing government's legacy of a large deficit, low growth, and high unemployment.

According to Damberg, the Finance Minister herself has effectively acknowledged the government's loss of control over the Swedish economy. This statement came during a press conference where Damberg highlighted the urgent need for attention to Sweden’s economic challenges. The critique centers on concerns that the government’s economic policies have led to structural issues that may hinder future growth and stability.

Damberg's comments underscore the political tension around economic management in Sweden, with opposition parties cautioning against the government’s approach to reforms and fiscal discipline. The acknowledgment by the Finance Minister of limited reform space signals potential difficulties ahead in addressing economic issues such as deficit reduction and employment growth.

This development adds to the ongoing debate about Sweden’s economic direction, with the Social Democrats positioning themselves as the party warning against economic mismanagement under the ruling coalition's watch.