Anders Borg Launches an Unexpected Attack
Former Minister of Finance Anders Borg has launched a sharp attack in an unexpected direction. The moderate politician, who held the position of Sweden’s finance minister from 2006 to 2014, has criticized his party colleague and successor, Minister of Finance Elisabeth Svantesson.
Borg’s time as finance minister was highly praised, with international recognition for his efforts. He was named the EU’s best finance minister in 2011 by the Financial Times. After leaving politics in 2014, Borg has maintained a lower profile, but now he has returned to the forefront with his unexpected attack.
The focus of Borg’s criticism is the government’s decision not to raise the controversial cut-off point for state tax. He believes that this decision is harmful and argues that during his tenure, they would always calculate the layer limit and raise it discreetly. Borg argues that raising the limit would have a positive effect on Swedish growth.
Elisabeth Svantesson, the current finance minister, has justified the decision to stop the automatic breakpoint for state income tax by prioritizing households and financing other measures. She believes that pragmatism is necessary in the current situation.
However, Borg questions Svantesson’s reasoning and expresses concern over the lack of growth content in the budget. He also questions the billion-dollar investment in lowering the tax on petrol and diesel, stating that the government should prioritize what is best for the Swedish economy.
This unexpected attack from Anders Borg has sparked a debate within the party and the government. It remains to be seen how this criticism will be addressed and if any changes will be made in response.