Swedish government boosts subsidies for energy, fuel in election year spring budget - Reuters News

- Sweden's government will cut fuel taxes and hike electricity subsidies in its spring mini-budget, it said on Monday, as it strives to ease the pain for households of higher energy bills driven by the war in Iran.

The extra spending, coming ahead of a parliamentary election in September, will total around 7.7 billion Swedish crowns ($825.22 million) and comes on top of a bumper 80 billion in new spending already announced in September last year in the full-year budget bill for 2026.

($1 = 9.3309 Swedish crowns)


(Reporting by Anna Ringstrom and Simon Johnson, editing by Terje Solsvik)