Print Edition - 2017-04-07 | Money Digest
Sweden’s 2016 surplus exceeds over $1.6b
Apr 7, 2017-
Sweden’s minority government will run a surplus of around 15 billion crowns ($1.67 billion) this year, giving it room to spend more money and improve its prospects before an election in 2018. After winning a general election in 2014, the Social Democrat-Green coalition said years of tax cuts under the centre-right had emptied the government’s coffers. But economic growth has improved tax revenues, allowing for voter-pleasing spending measures. “There will be more money for the economically disadvantaged, the environment and education—the usual targets,” said Knut Hallberg, an economist at Swedbank. A forecast from the National Financial Management Authority (ESV) on Thursday showed central and local government and the pension system running a surplus of 0.3 percent of grossdomestic product this year and 0.5 percent next year. The surplus was 0.9 percent of GDP in 2016.
Published: 07-04-2017 09:34