The Swedish government, led by Finance Minister Elisabeth Svantesson, has unveiled a budget that includes significant tax cuts, primarily benefiting high-income earners.

The budget allocates over 23 billion kronor to various tax reductions, with the largest portion directed towards income tax cuts.

This move has sparked criticism from the opposition, who argue that the policy disproportionately favors the wealthy.

Svantesson defends the cuts, suggesting they will encourage more work and boost economic growth.

Despite these measures, Sweden remains in a recession, with high unemployment expected to persist until 2026. The budget has intensified the left-right political divide, with the government hoping for economic recovery by the next election.