The state budget surplus was SEK 52 billion higher than expected, at SEK 62 billion for 2017, according to figures from the Swedish National Financial Management Authority (ESV).
The higher figure is primarily due to expenditure being SEK 49 billion lower than expected, in addition to tax revenues being SEK 22 billion higher than had been budgeted.
Finance Minister Magdalena Andersson points out that several items cost less than the government had calculated, and with more in work, employers’ contributions have increased.
ESV expert Eva Engberg emphasises the complexity of the state budget and that it is not a given that a higher surplus is a positive. “It could also concern activities that were planned but were not implemented,” she says. Magdalena Andersson says this is not the case but that spending on subsidised employment was lower than expected. (17/3 DN I: 30)
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