Sweden's Fuel Tax Cuts Cost $6 Billion
Part of composite article Fuel Prices Hit Record Highs, Governments Slash Taxes as Voters Fume View full article →
Sweden's recent fuel tax cuts have led to over 67 billion kronor ($6 billion) in lost tax revenue, according to an investigation by Dagens Nyheter.
The government also faces billions in additional costs to offset higher emissions during the current term.
Finance Minister Elisabeth Svantesson of the Moderate Party defended the policy. "I am not ashamed of the politics I have carried out and I intend to continue pursuing it," she said.