Sweden’s budget surplus surpasses forecasts

The Swedish central government had a surplus in payments of 56.2 billion kronor in February, the highest monthly surplus since June of 2000.

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.