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Swedish debt office reports decrease in budget surplus in 2002.

NORDIC BUSINESS REPORT-10 January 2003-Swedish debt office reports decrease in budget surplus in 2002(C)1994-2003 M2 COMMUNICATIONS LTD

The Swedish national debt office said today (10 January) that the central government budget surplus in Sweden decreased to SEK1bn in 2002, as compared to the surplus of SEK39bn in 2001.

The central government debt at the end of the year amounted to SEK1,160bn.

The debt office had not analysed the outcome in detail, but noted that the primary surplus was SEK66bn, which was SEK52bn less than in 2001. Expenditure increases in 2002 were chiefly for pensions and health insurance.

Tax revenues in 2002 declined by a total of SEK3.5bn, partly due to the lowering of the income tax, the debt office said.

One Swedish krona (SEK) is worth approximately 0.07 British pounds (GBP).

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Publication:Nordic Business Report
Article Type:Brief Article
Geographic Code:4EUSW
Date:Jan 10, 2003
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