The Swedish National Debt Office (Riksgälden) has announced a central government surplus of SEK112bn (€10.6bn) for 2019, in line with its forecast published in October for a surplus of SEK113bn.
The surplus was helped by a repayment of SEK69bn of loans denominated in foreign currency by the Swedish central bank (Sveriges Riksbank) to the Debt Office. Elsewise, the Debt Office noted that income to the government from taxes on wages and consumption grew more slowly than in prevous years. Tax income was some SEK13bn lower than forecast for the October-December period.
Central government expenditure was up "moderately" compared to 2018, with grants to local governments the fastest growing area of expendture, while there was a decrease in expenditure on labour market and migration areas.
Total central government debt was SEK1.113trn (€105.4bn) at the end of December, which was down SEK149bn (€14.1bn) on December 2018.