The Economy Report : on Swedish municipal and county council finances : october 2008
The Economy Report. On Swedish Municipal and County Council Finances is a series published twice yearly by the Swedish Association of Local Authorities and Regions (salar). In it we deal with the present economic situation and developments in municipalities and county councils. The calculations in this issue extend to 2012. ; Net income in the sector has been good in recent years, largely thanks to the strength of the labour market. The coming years will be more difficult. Work to increase efficiency must continue and there is no scope for unfunded reforms.
The ongoing financial crisis is harming the Swedish economy. Just like in the case of production and employment, growth of the local government tax base is being weakened temporarily. Despite the economic downturn, the consequences for local government finances will not be dramatic. The situation is uncertain today, but the unrest will subside and the economy will eventually experience an upturn. ; The report is only available as a pdf-file.