Friday, November 18, 2016

ESV tracks budget deficit next year – Business

the national financial management authority, ESV, estimates that the state budget balance shows a surplus of sek 46 billion this year and a deficit of 13 billion next year. For the 2018 predicted a surplus of sek 25 billion. It writes the ESV in its budget forecast on Tuesday.

In the latest forecast, in september, counted the ESV with a balance of +41 billion this year, up 13 billion in 2017 and +21 billion in 2018.

the Swedish national debt office are counted in its forecast on 26 October, with a balance of +80 billion in 2016 (much higher than forecast at +41 billion in the June forecast) and -33 billion in 2017.

the ESV notes that tax revenues will increase somewhat more slowly this year than last year, despite tax increases of just over sek 30 billion. It depends on kapitalskatterna drops. They rose sharply last year, as a result of holding gains and temporary high bolagsskatteintäkter.

Furthermore, they write in the forecast that expenditure will increase much this year and also next year, mainly due to the expenditure for the migration to rise as a result of the large number of asylum seekers at the end of last year. In 2018 falls migrationsutgifterna greatly. Expenditure for sickness cash benefit has started to slow down and is expected to drop over the next two years, after having risen sharply for several years.

“to Balance the budget this year positive and amounts to sek 46 billion. The next year, however, it is deficit. The balance is affected in both years by the capital investments at the main and early fyllnadsbetalningar of the tax, which will strengthen the balance slightly in the year but impairs the balance next year,” writes the ESV.

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