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Swedish government borrows more to cover growing budget deficits this year and next, National Debt Office says

The Swedish government needs to borrow more to cover a growing budget deficit both this year and next year, the National Debt Office said in a press release. The frequency of government borrowing is also being increased.“Government debt continues to rise, albeit from a low level,” notes the Swedish National Debt Office. The agency's new forecast is for a deficit of SEK 196 billion this year and SEK 208 billion in 2027, and it lowers the growth forecast to 1.9 percent this year, down from the previous 2.7 percent. [...]