The Swedish parliament has adopted a budget plan, which includes 20 billion SEK ($2.20 billion) in tax cuts, that was proposed by the Moderate and Christian Democrat parties. Their budget plan gathered the support of 153 lawmakers, as compared to 141 votes in favour of the rival plan, which was proposed by the Social Democrats and the Greens.
Sweden is currently governed by a caretaker government headed by Prime Minister Stefan Lofven, who lost a motion of no confidence against him and his government on 25 September, 2018. This led to the necessity to form a new government; however the latest general election led to both the centre-left and centre-right coalitions failing to secure a majority in parliament.
The existing stalemate has resulted in a caretaker government, with none of the parliamentary coalitions joining with the Sweden Democrats, which hold the remainder of the seats, in order to gain a majority and form a government.
