Central government payments gave a surplus

9 June 2011 - Press release

Swedish central government payments resulted in a surplus of SEK 31.1 billion in May, which is SEK 9.4 billion lower than The Debt Office´s latest forecast. The difference is due to lower tax incomes and higher interest payments on central government debt.

Tax income was SEK 6.8 billion lower than calculated. The difference is probably largely due to variations in tax income betweens months which are not caught in the forecast.

Interest payments on central government debt were SEK 7.0 billion, which is SEK 3.3 billion higher than calculated. This is explained by exchange rate losses in the foreign currency debt and capital losses in buy-backs of Swedish krona bonds. The capital losses in Swedish krona bonds are due to redistribution between months and will effect interest payments in the opposite direction in June.

For the twelve-month period up to the end of May 2011, central government payments resulted in a surplus of SEK 45 billion. Central government debt amounted to SEK 1,053 billion at the end of May.

The outcome for June will be published at 9:30 am on 7 July 2011.

Further information can be obtained from:

Tord Arvidsson, phone +46 8 613 47 53

Table of the net borrowing requirement and central government debt