The surplus for 2015 amounted to SEK 343 million before transition costs, which was SEK 207 million higher than 2014. Stockholm County Council has reported an annual surplus for the past nine years.
Balanced finances are the foundation of long-term sustainable development and provide room for prioritised and necessary investments. In 2015, total tax revenues increased by 5.1 per cent compared with the previous year, while costs increased by 3.3 per cent. The rate of increase was cut in half compared with 2014 when costs increased by 6.6 per cent.
Several of the County Council’s operations, mainly in healthcare, have shown a high rate of cost increase in recent years. The reasons for the cost increases in the various operations vary and, in 2015, a number of steps were taken to reduce the cost trend.
Considering the transition costs planned in the scope of future health and medical care, Stockholm County Council set aside funds in earlier years to cover the planned and budgeted deficits. Since the Council for Municipal Accounting made a clarification regarding the reporting of the results of the balanced budget requirement, these funds are no longer included in adjustments before the reporting of the year’s results of the balanced budget requirement. This yields negative results (deficits) for the balanced budget requirement for a number of years, which in the opinion of Stockholm County Council does not accurately reflect the financial situation in the County Council Group.
Stockholm County Council budgets for a positive result (surplus) during the years 2015-2018, taking these funds into account.