Latest News

Factbox-Sweden’s first woman PM faces challenges and budget vote crisis

Economy52 minutes ago (Nov 24, 2021 12:45)

© Reuters. Current Finance Minister and Social Democrat leader Magdalena Andersson attends a press conference after being appointed as the country’s new Prime Minister following a voting at the Swedish Parliament Riksdagen in Stockholm, Sweden November 24, 2021. And

STOCKHOLM (Reuters) – Sweden’s parliament confirmed Social Democrat leader Magdalena Andersson as the country’s first female prime minister in a vote on Wednesday.

Her minority government faces major challenges, not least passing its budget in the face of a fragmented parliament.


– Andersson was an elite swimmer as a youth.

– She graduated from the prestigious Stockholm School of Economics before being recruited into politics by former prime minister Goran Persson.

– Andersson was deputy head of the tax agency between 2009 and 2012 while the Social Democrats were out of office.

– She has been finance minister since 2014.


– Andersson will head a weak, minority coalition with the Green Party which relied on support from the Left and Centre parties under her predecessor Stefan Lofven.

– That alliance has split with the Centre Party refusing to back the budget. If the government’s finance bill fails to pass, the Green Party has said it will consider leaving the government.

– While the centre-left bloc is disunited, the opposition is in little better shape.

– A centre-right coalition of the Moderates and Christian Democrats is backed by the populist, anti-immigration Sweden Democrats. But the alliance cannot command a majority.

– Sweden will hold a national election in September 2022 with the centre-left and centre-right blocs essentially deadlocked.


– Andersson has said she will continue as PM even if parliament rejects the government’s budget on Wednesday and she is forced to implement policies put forward by the centre-right opposition.

– Outside of party politics, a top worry for voters is gang violence. Shootings have become an almost daily occurrence. Many see it as a sign that Sweden has failed to integrate immigrants who have arrived in the country in the last few decades.

– The pandemic also exposed shortfalls in Sweden’s much-vaunted welfare system, particularly in elderly care.

– Sweden has a target of reaching net zero emissions by 2045 and will need to speed up the pace of action on climate change to reach that goal.


– Despite championing equality, Sweden has lagged neighbour Norway by 40 years in appointing a female prime minister. Finland got its first female premier in 2003 and Denmark in 2011.

– Sirimavo Bandaranaike became the world’s first female prime minister when she was elected to lead Sri Lanka in 1960.

Factbox-Sweden’s first woman PM faces challenges and budget vote crisis

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Euro zone to support economy in 2022, use EU funds for investment

Previous article

EU extends human rights sanctions, including on Chinese officials

Next article

You may also like


Leave a reply

Your email address will not be published.

More in Latest News