European Economic News

Sweden Budget Surplus Remains Below Forecast: Debt Office

Sweden's central government payments showed a surplus of SEK 25.3 billion in May, the National Debt Office said Friday. The surplus was SEK 9.7 billion lower than the estimate due to lower tax income.

The lower tax income in May partly reflects a change in the payment pattern for supplementary taxes, where a larger part was paid in April instead of May this year. At the same time, interest payments on government debt matched forecast.

For the twelve-month period to the end of May, central government payments resulted in a deficit of SEK 19.1 billion.

by RTTNews Staff Writer

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