Alcohol taxes increase in Sweden to fund defence strategy

Sweden’s Finance Minister has announced an increase in alcohol taxes to help fund the country’s defence agencies. Taxes on alcoholic beverages currently make up around 30% of the retail price. Although the exact increase is currently unknown, it is due to take effect in 2023. Taxes on alcohol, cigarettes and nicotine products are set to provide 20% of the total defence budget.

Source: https://www.thelocal.se/20200921/sweden-just-raised-taxes-on-alcohol-to-fund-its-defence