Sweden's budget surplus surpasses forecasts
TT/AFP/The Local · 7 Mar 2008, 10:18
Published: 07 Mar 2008 10:18 GMT+01:00
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.