The International Monetary Fund (IMF) has praised both Sweden's central bank, the Riksbank, and the Swedish government for their handling of the economic crisis.
Sweden’s state finances deteriorated markedly during 2009, with the National Debt Office (Riksgälden) reporting a deficit of 176 billion kronor ($24.8 billion) for the year.
Sweden’s National Debt Office (Riksgälden) said on Wednesday it expects the country’s budget deficit to balloon to 135 billion kronor ($14.7 billion) in 2009, just one year after posting a 135 billion kronor surplus.
