![]() ![]() I suppose the government could charge money for excess payments, but officials might be worried about voter backlash. Given negative interest rates, even if Sweden paid zero percent on overpayments, the Swedish government would lose money vs. At its latest policy meeting last week the central bank said it was more likely to cut rates further into negative territory than increase them in the short term. Unfortunately for the debt office, there is little chance that the problem will go away anytime soon. But Stockholm has complained that this “involuntary borrowing” from residents will cost it around SKr800m more over 20 than if they had borrowed the money at market rates. Most governments would be pleased with an annual budget surplus more than twice the forecast size. While bank interest rates plummeted, Swedish tax rules meant that excess deposits in taxpayers’ payment accounts continued to earn a minimum of 0.56 percent annual interest, leading many people to use them like makeshift bank accounts. TOP 10 SWEDISH DRILL SONGSTopp 10 Svenska Drill Ltarsj bandokay sav12 kidavelly ofb ukdrill taze russ ukdrill everythingukdrill mdot cgm gunlean ukrap ukdri. The government wants to discourage further overpayments but the national debt office has admitted its efforts will probably not be enough. The government will have to repay more than £3.5bn to businesses and individuals who purposely paid too much tax in 2016. Here’s the peculiar result: The Swedish Government Complains it Collects Too Much Tax.ĭata released on Wednesday showed Sweden’s government generated a budget surplus of SKr85bn ($9.5bn) in 2016, with approximately SKr40bn coming from tax overpayments. ![]()
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