Swedish Debt Office says bigger surplus reduces borrowing needs

STOCKHOLM – Sweden’s Debt Office said on Thursday that strong growth would lead to better government finances and lower the borrowing requirement meaning it would cut the supply of government debt.

“The stronger budget balance entails a lower borrowing requirement, and the Debt Office is therefore reducing the borrowing once again,” it said in a statement.

(Reporting by Simon Johnson, editing by Helena Soderpalm)