Updated Swedish Convergence Programme 2007 Reference No.: Fi 2007.25

Public finances are strong and sustainable in the long term. This is evident from Sweden's updated convergence programme 2007.The convergence programme is based on the forecasts, estimates and proposals presented in the Government Budget Bill for 2008. General government net lending is estimated to show a surplus of 2.9 per cent of GDP in 2007 and 2.8 per cent in 2008. Consolidated gross debt in the general government sector, known as Maastricht debt, is estimated at 39.7 per cent of GDP this year and is forecast to fall to 24.5 per cent of GDP in 2010. Estimates made in the updated convergence programme for the period up to and including 2050 show that public finances are sustainable in the long term. GDP is estimated to increase by 3.2 per cent in both 2007 and 2008.