State Budget on Right Track: Debt Office
The outlook for Sweden’s state budget defecit is looking up, according to new figures from the Swedish National Debt Office.
This year’s $1.8 billion budget deficit is expected to drop to just over $1 billion next year.
Bo Lundgren, head of the National Debt Office, told Swedish Radio news that the country is close to being debt free and that strong consumer spending is helping to boost the economy and create jobs.
“It’s because people have confidence in the state finances, that they are stable,” he said.
“This gives greater room for manoeuvre and strong confidence among householders that there won’t be any dramatic tax rises or collapses like in the UK, Greece and many other countries.”