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Sweden's state debt is growing

Published måndag 12 januari 2015 kl 11.12
Stefan Löfven. Foto: Lotten Collin/Sveriges Radio.
The new prime minister, Stefan Löfven, is still forced to rule with the centre-right budget. Photo: Lotten Collin/Sveriges Radio.

Sweden's government is still spending more than it earns, new figures show.

In 2014, there was a SEK 72.2 billion gap between government spending and government revenues. However, this is less than the SEK 131 billion shortfall of 2013.

The lower gap is due to the fact that Sweden lent a lot of money to Iceland, Ireland and to Sweden's Central Bank in 2013.

The latest calculation by the National Debt Office also shows that the state debt has grown from SEK 1,277 billion at the end of 2013 to almost SEK 1,400 billion by the end of 2014, news agency TT reports.

The total state budget is SEK 790 billion, according to a calculation by the website ekonomifakta.se.

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