Sweden: Staff Report for the 2000 Article IV Consultation

Author: International Monetary Fund

In Sweden, the authorities have indicated that their medium-term fiscal strategy is based on restraining expenditures through nominal ceilings and maintaining a fiscal surplus target of 2 percent of gross domestic product (GDP), measured as an average over the cycle. The mission has praised the authorities' medium-term fiscal strategy but argued that assuming that a structural surplus of 2 percent is maintained and that policy slippages on expenditures are avoided, the room for tax cuts is about 4 percent of GDP over the 2001–03 period, considerably more than envisaged by the authorities.

Volume/Issue: Volume 2000 Issue 118

Publication date: September 2000

ISBN: 9781451835878

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Topics covered in this book

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Business and Economics , Inflation , Labor , Public Finance , Taxation - General , ISCR , CR , core rate of inflation , IMF staff projection , consumer price inflation , core rate , wage inflation , Riksbank's inflation target , house price inflation , inflation outcome , core inflation rate , staff appraisal , Wages , Inflation , Employment , Income tax systems

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Summary

In Sweden, the authorities have indicated that their medium-term fiscal strategy is based on restraining expenditures through nominal ceilings and maintaining a fiscal surplus target of 2 percent of gross domestic product (GDP), measured as an average over the cycle. The mission has praised the authorities’ medium-term fiscal strategy but argued that assuming that a structural surplus of 2 percent is maintained and that policy slippages on expenditures are avoided, the room for tax cuts is about 4 percent of GDP over the 2001–03 period, considerably more than envisaged by the authorities.