Sweden continues to generate government surpluses, despite dip

The Swedish National Debt Office (Riksgälden) reported that central government payments resulted in a surplus of SEK25.3bn (€2.8bn) in May, despite lower than expected tax income.

The result was SEK9.7bn (€1.1bn) lower than forecast. The Debt Office said there was a change in the pattern of payments of supplementary taxes, which saw a greater proportion paid in April than in May, helping to explain the dip in revenues to the government.

Over the 12-month period to the end of May 2012, central government payments resulted in a deficit of SEK19.1bn (€2.1bn), the Debt Office added. Total debt at the end of the month amounted to SEK1.084trn (€120bn).

 

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