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Riksgälden: Central government deficit of SEK 221 billion in 2020


Riksgälden: Central government deficit of SEK 221 billion in 2020
Central government deficit of SEK 221 billion in 2020
Swedish central government payments, as well as the central government budget balance, resulted in a deficit of SEK 221 billion in 2020. The Debt Office s forecast from October was a deficit of SEK 256 billion.
The corona pandemic had large negative effects on the economic development in 2020. The economic downturn resulted in lower tax income and higher expenditure for the central government. In addition, fiscal policy measures such as the short-time work allowance were implemented to counteract the effects of the pandemic on the Swedish economy. After four years of surpluses, the central government budget balance turned into a deficit in 2020. The deficit in 2020 was 221 billion SEK, the corresponding figure in 2019 was a surplus of 112 billion SEK. ....

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