Lower house committee recommends lower budget deficit for 2018

The lower house of parliament’s budget committee has recommended that the main lines of a 2018 budget be passed. The recommendation counts on an overall deficit of 50 billion crowns.

The deficit target for this year is 60 billion crowns. That target was set by the outgoing government which tendered its resignation on November 29. The newly elected lower house is expected to deal with the budget proposal for next year when it sits on December 5.

This year they have a shortened timeframe of just a few weeks to try and make changes to the suggested flows of funds.