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Sweden Faces Calls to Pare Deductions as Mortgage Bill Grows

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Sweden’s government will face a big bill from the current borrowing spree when interest rates, eventually, rise.

The costs for mortgage tax deductions, which allow households to write off as much as 30 percent on interest costs, may almost double to 46.8 billion kronor ($5.4 billion) by 2019, the National Financial Management Authority forecasts.