"Although we believe in an economic recovery that strengthens government finances, this does not make up for reduced taxes and higher spending," says Karolina Ekholm, Director of the National Debt Office, in a press release.
According to the Swedish National Debt Office's new forecast, the budget deficit is SEK 103 billion this year, SEK 173 billion next year and SEK 194 billion in 2027. This represents an increase both measured in SEK and as a share of GDP.
The national debt is expected to reach SEK 1,591 billion by the end of 2027. This would correspond to 22 percent of GDP.
