A private individual with this kind of credit history would often have difficulty in borrowing money, getting an apartment of even getting a telephone line. But for local authorities there are no such penalties.
Gunnar Björkman is the head of the financial department at Stockholm city. He says that the reason for the late payments is that the city is such a large and decentralised organisation, with 8,000 'cost centres' that pay out.
"it all takes time, which is an explanation, not an excuse" he says..