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Sweden Squirrels Away Cash Ahead of Demographic Time Bomb

  • New government forecasts point to even bigger budget surpluses
  • Finance minister says funds needed to preserve future welfare
Photographer: Casper Hedberg/Bloomberg
Updated on

Scandinavia’s biggest economy has so much money it’s now looking to take care of the next generation.

The Swedish government published new estimates for the economy on Wednesday that project much larger budget surpluses than it had forecast only a few weeks ago. The Finance Ministry cited "higher revenues, mainly from capital and value added tax, and lower expenditure" as the reasons behind an additional 85 billion kronor ($10 billion) in projected net lending available over the 2017-2020 period.