– Hardly a carrier bag at the grocery store a week. That was the verdict from Frp’s fiscal policy spokesperson Hans Andreas Limi on the Støre government’s tax cut of 1 kroner a day for people with a normal income in October. This week, the FRP, the country’s largest party in several opinion polls this autumn, presents its own tax plan. Now Limi counters the “small change” in tax cuts from Finance Minister Trygve Slagsvold Vedum (Sp): Everyone who earns over NOK 500,000 will get a tax cut of NOK 9,000 next year, according to Frp’s policy. That amounts to NOK 25 a day. The figures are presented in the FRP’s alternative budget, which shows how the party would govern Norway if it could decide alone. RELIEF: The Progress Party’s fiscal policy spokesperson Hans Andreas Limi. Photo: William Jobling / news Price tag: 60 billion Frps tax scheme provides significant relief, according to Limi. – It is important because many people now have challenges with the economy, and it is important to get more people into work, he says to news. The reductions in income tax will cost NOK 27.5 billion. In addition, the FRP spends 11 billion to reduce wealth tax, which is not completely removed in the tax system. They will also spend over 9 billion on halving the VAT on food. In total, the FRP plans to cut taxes and fees of over 60 billion. Even if cuts are made in, among other things, the budget for aid and integration, the FRP must get even more billions than the government from the oil fund to make the budget go up. – You are increasing the use of oil money by NOK 15 billion. Why does that make sense? – It makes sense, because we spend a little more oil money on reducing taxes and duties. And we know that spending a little more oil money on giving tax breaks has no negative effect on price increases, nor on interest rates, he says. – Rampant spending Both the Labor Party and the Progressive Party’s potential government partner Høyre warn against the level of spending in the FRP’s alternative budget. – Is the Progress Party promising more here than they can keep? – I think maybe they do. It will be up to them to show the cover-ups. But here there is a tremendous expenditure of money, says Høyre’s fiscal policy spokesperson Tina Bru. The Conservative Party has long warned against spending more oil kroner in the budget than today. – I am afraid that the kind of spending that the FRP is proposing here could lead to it taking longer before the interest rate can be reduced, says Tina Bru. In its alternative budget, which will be presented on Wednesday, the Conservative Party will lower the income tax by 9 billion. CRITICAL: Conservative fiscal policy spokesperson Tina Bru. Photo: Yann Valerievich Belov / news The Labor Party’s deputy leader, Jan Christian Vestre, believes that the FRP is promising with both hands, without realistic proposals for how it should be paid. – The FRP is now planning an irresponsible spending which, in the worst case, could lead to prices starting to rise again, and that it will take longer before Norges Bank can lower the key interest rate, he says to news. IRRESPONSIBLE: The Labor Party’s deputy leader Jan Christian Vestre. Photo: NTB – So there is no world where you can remove 50 billion from the state budget overnight without believing that it will also have consequences for people’s everyday life, welfare and safety. Published 26.11.2024, at 05.49
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FRP called Vedum’s tax cuts “petty money” – turns up NOK 25 a day themselves – news Norway – Overview of news from different parts of the country
