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The Swedish economy is recovering increasingly faster after last year s drop
resulting from
the pandemic. The higher economic growth leads to increased income from taxes for the central government and thereby a stronger budget balance, lower borrowing requirement, and lower debt.
The Debt Office is reducing its borrowing and intends to introduce a
new
50-year government bond.
“So far this year, the Swedish economy has resisted the pandemic well, and an even more rapid recovery is expected ahead when the spread of infection subsides and restrictions are eased, which strengthens central government finances. There are however differences in the rate of recovery, and some sectors and businesses are still being hit hard by the pandemic,” says Hans Lindblad, Director General of the Debt Office.