Central government payments gave a surplus in April

7 May 2010 - Press release

Swedish central government payments resulted in a surplus of SEK 29.8 billion in April. The Debt Office's forecast was a surplus of SEK 12.7 billion. The difference is mainly explained by higher tax revenue and repo transactions by government agencies.


Tax revenue was SEK 7.5 billion higher than calculated. The larger tax payments are spread across all different taxes.

The Debt Office's net lending was SEK 7.2 billion lower than calculated. This is explained by the fact that government agencies have made repo transactions* to the value of SEK 4 billion.

Interest payments on central government debt were SEK 2.4 billion lower than calculated. This is mainly due to lower interest payments on loans denominated in SEK.

For the twelve-month period up to the end of April, central government payments resulted in a deficit of SEK 141 billion. Central government debt amounted to SEK 1,104 billion at the end of April.

The outcome for May will be published at 9.30 am on 7 June 2010.

Further information can be obtained from:
Eric Morell, phone +46 8 613 47 71

 

 

* Repo transactions by government agencies mean that they sell government securities with a repurchase agreement. The payment of the repos must be deposited in an account at the Debt Office. If the total volume of outstanding repos change during the month compared to the previous turn of the month it will affect the outcome of the borrowing requirement. We make forecasts of the repo transactions on the basis of the information we receive from the government agencies. However, the forecasts are very uncertain since the government agencies may alter their plans on a short notice.