Thursday, January 28, 2010

No Swedish Budget Deficit

Out of the 27 member countries of the European Union, 20 have such high budget deficits that the European Commission demands that they take action against it. Sweden is among the seven countries that are financially sound and are not required by the Commission to take any further action. This is good, it means that the Kingdom of Sweden has a very good economy even in the current recession. A sound government economy is one of the most important things for the economy of the whole country to thrive economically. This is because the government part of the whole economy is so big and important, and because the government can levy new or higher taxes if its economy is bad, to the detriment of other parts of the economy. It must be said that the current administration is good at handling the kingdom's economy. This is something for all grown up humans to consider in the general election this autumn.

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