Bugdetary Balance and Competitiveness: the Swedish Example

Sweden is deemed by its observers as a leader in the EU in terms of the way it manages its public finances. With a public debt below 40% of the national wealth and balanced public accounts, its budgetary governance method appears to be a path to follow for many countries in the Economic and Monetary Union. Unlike its partners, Sweden succeeded at the beginning of the 1990's in learning from the failure of its economic and social model – the famous Sweden model – to adjust to the new world order; which led to its reform, notably by anticipating the principles adopted in the European Union via the Treaty on Stability, Coordination and Governance.

• Primary Source

ESO: Country Information Guide: Sweden http://www.europeansources.info/record/information-guide-sweden/

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