With a budget surplus of 1.1% of GDP in 2016, Sweden and Malta share the status of having the second-highest surplus in the European Union.

According to a report released by the EU’s statistics agency Eurostat, the two countries follow Luxembourg, which came top, with 1.6%.

“It confirms how strong our public finances are in Sweden,” the Nordic country's Social Democrat Finance Minister Magdalena Andersson told Swedish newswire TT in response to the report, listing three reasons behind the ...

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