Sweden's budget surplus surpasses forecasts
TT/AFP/The Local - [email protected]
Published: 7 Mar, 2008 CET.
Updated: Fri 7 Mar 2008 10:18 CET
The Swedish central government had a surplus in payments of 56.2 billion kronor in February, the highest monthly surplus since June of 2000.
The surplus beat the Swedish National Debt Office’s (SNDO) own forecast, which had projected a February surplus of 48.6 billion kronor.
"The surplus thus was 7.6 billion kronor larger than forecast. This is explained by tax revenue being 3 billion kronor higher than expected and disbursements 2 billion lower," the SNDO said.
In addition, net lending fell by 2 billion kronor due to repo transactions by government agencies.
The surplus for the last 12 months ending in February totaled 140 billion kronor, it added.
Comments
See Also
The surplus beat the Swedish National Debt Office’s (SNDO) own forecast, which had projected a February surplus of 48.6 billion kronor.
"The surplus thus was 7.6 billion kronor larger than forecast. This is explained by tax revenue being 3 billion kronor higher than expected and disbursements 2 billion lower," the SNDO said.
In addition, net lending fell by 2 billion kronor due to repo transactions by government agencies.
The surplus for the last 12 months ending in February totaled 140 billion kronor, it added.
Join the conversation in our comments section below. Share your own views and experience and if you have a question or suggestion for our journalists then email us at [email protected].
Please keep comments civil, constructive and on topic – and make sure to read our terms of use before getting involved.
Please log in here to leave a comment.