Brussels, 3 January 2024
The EU Commission has received on 20 December Sweden’s first payment request under the Recovery and Resilience Facility (RRF), for € 1.6 billion in grants.
Sweden’s request concerns a total of 27 milestones and targets. It covers reforms that reduce the capital gains tax to enhance housing mobility, incentivise decarbonisation of transport by abolishing the reduction of energy tax on fuel, adjust taxable benefit rates for company cars, and complement investments in the housing sector. Reforms also aim to modernise employment protection and labour market integration and improve the fight against money laundering and terrorist financing.
The request also covers investments at local and regional level to reduce carbon dioxide emissions, upgrade railway infrastructure, as well as expand the broadband network and housing supply. Moreover, investments are being made to create additional capacity in higher education and to enhance elderly care by upskilling and training the relevant staff.
The Commission will now assess Sweden’s fulfilment of the milestones and targets linked to this payment request. It will then share its preliminary assessment with the Council’s Economic and Financial Committee.
Sweden’s overall Recovery and Resilience Plan will be financed by €3.5 billion in grants. More information on the Swedish plan is available online.