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Sweden boasts hefty budget surplus for 2011

The Local
post 10.Jan.2012, 01:35 PM
Post #1
Location: Stockholm
Joined: 22.Dec.2004

Sweden's national debt office (Riksgälden) stated on Tuesday that the country's budget surplus from 2011 stood at 68 billion kronor ($9.85 billion).

"Despite increased concerns about the debt situation in the world and an expected slowdown in the economy during the second half, Swedish government finances developed strongly in 2011," the debt office said in a statement.

While Sweden, with its heavily export reliant economy was hard-hit during the 2008-2009 financial crisis, its recovery "continued to be strong in 2011, which generated higher tax income," the office said.

The debt office pointed out that the government during the year had also sold off shares worth 23 billion kronor in the Nordic region's biggest bank, Nordea, and in Swedish-Finnish telecom giant Telia Sonera.

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Migga
post 10.Jan.2012, 03:31 PM
Post #2
Joined: 26.Jul.2011

Sweden continues to be strong when the rest of the world is burning.
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Svensksmith
post 10.Jan.2012, 04:30 PM
Post #3
Joined: 28.Jul.2011

Taxes will now be reduced!!! *dream*
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Just_Kidding
post 10.Jan.2012, 05:59 PM
Post #4
Joined: 23.Dec.2009

68 buckets of money to fill the 1108 bucket hole dug by SocDems.
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swedejane
post 10.Jan.2012, 08:24 PM
Post #5
Joined: 7.Apr.2011

Sweden has the budget surplus of a middling Fortune 500 company. Congrats!
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kenny8076
post 10.Jan.2012, 09:34 PM
Post #6
Location: United States
Joined: 6.Apr.2009

@Migga...LOL... ya thats true...facepalm... yet its one of the hardest places i have ever been to to get a job unless you know someone that knows someone that is related to someone awesome... dont even get me started on 2 year waiting lists to get housing so you ether have to live with mommy or daddy or live with 4 friends... anyone can have a surplus when you tax people 60% and tax every street in stockholm via car. the problem is they arent spending it where it needs... too busy giving intitlements out to this need y society instead of paying for on the job training... i dont know, maybe a huge infrastructure start on housing?
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Grindsprint
post 13.Jan.2012, 10:10 AM
Post #7
Joined: 20.Sep.2010

What fortune 500 company has a budget surplus of $10 billion?
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prieten
post 10.Mar.2013, 03:34 AM
Post #8
Joined: 12.Feb.2013

As an American, I must praise the Swedes to high heaven for their fiscal responsibility. Your government debt as a percent of GNP is falling while everyone else's is growing by leaps and bounds. Sweden may have high taxes, but its citizens are getting very good services. All countries should learn from Sweden!
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