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Journal Article
The Swedish experience in reducing budget deficits and debt
By 1994, Sweden had a budget deficit of 10 percent of GDP, highest among OECD countries. Its public debt had doubled in three years. Such high debt levels were threatening Sweden's economic stability and making it increasingly vulnerable to disruptive global capital market flows. The new government that took office in late 1994 put in place an aggressive fiscal consolidation program aimed at reducing the deficit significantly by 1997 and balancing the budget by 1998.> Sweden's finance minister Persson discusses his country's recent efforts to reduce its budget deficit. In overview remarks ...
Conference Paper
Budget deficits and debt: issues and options (overview)