Sweden's caretaker govt to lower taxes for pensioner in autumn budget

The caretaker government saw growth this year at 2.5 per cent, slightly lower than its previous forecast of 2.9 per cent.

Sweden's caretaker government said on Thursday it would cut taxes for pensioners in a budget limited by the political deadlock after September's inconclusive election.

Lower taxes for those over 65 will cost 4.2 billion Swedish crowns ($463.80 million) annually from 2019, the government said.

The caretaker government saw growth this year at 2.5 per cent, slightly lower than its previous forecast of 2.9 per cent.

The budget is an extension of 2018's spending plans with some automatic adjustments. ($1 = 9.0557 Swedish crowns) 

(With inputs from agencies.)