SWEDEN
A. — Budgetary Situation
The Swedish budget is never drawn up with either a deficit or a surplus.
In the estimates as well as in the budget as finally adopted by the Riksdag
(Congress) revenue and expenditure always exactly balance. Actually, how-
ever, the end of a budgetary year shows either a surplus or a deficit, but more
generally a surplus. The surplus is transferred to the Exchequer Reserve Fund
and the balance in this fund has thus far always been sufficient to meet any
deficit.
As from 1923, it was decided that the fiscal year, which had coincided
up to that date with the calendar year, should run from July 1 to June 30.
A special six months budget was drawn up for the period from January 1 to
June 30, 1923.
The following schedule gives the total budget results for the years 1922-
1925 :
Year Revenue Expenditure Balance
(in crowns)
1922. sin 956,800,000 959,400,000 — 2,600,000
1923/24. ..... 822,700,000 796,800,000 -+ 25,900,000
1924/25..." 674,400,000 674,000,000 =
1925/26... .......... TNN728 815.700 728,818,700
The details of the budget for the year 1925-26 follow :
Revenue Expenditure
Taxation returns (tax on income and A. — Actual expenditure :
capital ; tithes; tax on auto- Royal House es oa ratty 1,836,200
mobiles; excise; customs, etc.).. 494,948,700 Department of i Justice... Abn 12,049,900
Revenue from various state activi- » 4 Po (a : rs
ties (pilotage, lighthouse dues, re- » of. Social Welfare Hh $1,046,900
gistration’ Tees, elc.)... vw. ashes 13,369,488 oh ofl Coramunications Li, 5.34700
Revenue from productive state funds: 3 of Finance... ny 43,726,900
Posts, telegraphs, railways, water- Ecclesiastical Department (archives,
power, public domain ........ 85,100,000 libraries, museums, universities,
Stocks and dividends (tobacco Do a [en ae
monopoly): kl it ni, 10,022,500 ns of Arcs nl $2,175,200
Returns from state funds for public Bureau of pensions .............. 38,055,400
PUIDOSER lh a Ly A Seta, 11,219,800 Unforeseen expenses ............. 1,703,622
Parliament and auditing bureau... 4,254,000
Bank of Sweden ................ 15,500,000 Interests on public debt.......... 82,001,200
Additions to capital from state B. — Capital expenditure :
railways, loan fund for general State undertakings .............. 29,896,000
building purposes, etc. ......... 48,052,212 Loan fund for public purposes... . 22,350,000
LOANS. ens ...... 50,606,000 Redemption of National Debt...... 8,104,600
Stateliliquor fund), il a i a. 27,900,000
Loans to institutions under Social
Department. bio At, 11,710,000
Repayment of casual loans for
acquisition of property ......... 7,056,178
Grand fotal.l...l. JL. 0 728,818,700 Grand! total. ...... 0... "728.878 700
References: Riksstat for Budgetiret 1925-1926; Professor Gustav Cassel, “The Swedish
Budget” in Quarterly Reporl, issued by the Statistical Department (Swedish), July, 1925,
pp. 37-39.
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