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Sweden to save millions in new EU budget

TT/AFP/The Local · 19 Nov 2011, 10:15

Published: 19 Nov 2011 10:15 GMT+01:00

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The EU members' governments and the European Parliament agreed to limit expenditures in 2012's budget to €129 billion ($177 billion), an increase of two percent compared to 2011.

"The decision was unanimous," said Jacek Dominik, chairman of the council of ministers, who led the marathon meeting which started on Friday evening and went on into the night.

Hans Lindblad, state secretary with the Swedish finance ministry, is pleased with the results of the budget talks.

"It's one of the tightest budgets achieved, and it's a good compromise for Sweden and for EU," he said to news agency TT on the telephone from Brussels.

The agreement means that Sweden's EU fee for next year will be 300 million kronor less than the government accounted for in the Swedish budget proposal.

"When we entered negotiations, the difference between us and the European Parliament was a raising of the fee by one billion kronor for Sweden, so of course we're satisfied," said Hans Lindblad.

The limitation was introduced by the European governments forced to cut their own budgets, and take on savings packages because of the debt crisis.

The agreement was a defeat for the members of the European Parliament who voted for a budget of €133.1 billion on October 26.

Story continues below…

The ministers and diplomats who participated in Friday's negotiations tried to agree on a budget that balanced between saving and financial growth.

TT/AFP/The Local (news@thelocal.se)

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Your comments about this article

17:57 November 19, 2011 by Just_Kidding
So what was the share of Sweden from the total 133.1 billion Euro? The cut of 0.300 billion kronor or 0.033 billion Euro shouldn't be that big compared to the whole share of Sweden. And by the way, what do Swedish people get in return for this spending?
21:36 November 19, 2011 by skumdum
Immigrants and criminals
11:24 November 20, 2011 by Frank Arbach
Good Oh! for Sweden

No doubt they made their case in the EU, but they have bigger 'players' like Germany and the UK to thank for this reduction in the original 5% budget increase requested.
15:37 November 20, 2011 by shahislam
Dishonest dumbs are manipulating the goodness for humanity!
21:05 November 20, 2011 by Abe L
That money could be well spend on roads and houses in Stockholm.
00:00 November 21, 2011 by engagebrain
So thats 34 sek each per year.

Not exactly an important story.
00:40 November 21, 2011 by Just_Kidding
based on Sweden's share from the savings (0.033 billion Euro ) from the total savings = 4.1 Billion Euro (= 133.1 - 129), it seems that Sweden's total share should be 0.033/4.1*129= 1.038 Billion Euro or 110 Euro per citizen. Though governments manage to get back some of this money by making European union spend this money inside their countries on European Union projects.
06:36 November 21, 2011 by Kublai
That means we can give the "democracy" movements in the Middle East an extra 300 million kronor :-) or increase the number of immigrants with a few thousand :-)
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