Deficit for Swedish central government in August

6 September 2013 - Press release

Swedish central government payments resulted in a deficit of SEK 0.6 billion in August. The Debt Office’s forecast was a surplus of SEK 3.2 billion. The difference of SEK 3.9 billion is mainly due to lending to the Riksbank. The government agencies regular payments developed stronger than forecast.

The Debt Office's net lending to agencies was SEK 10 billion higher than calculated. It is explained entirely by effects of accrual. Lending to the Riksbank, which according to the forecast, should have been refinanced in September, was refinanced already in August.

The net of government agencies regular payments were just over SEK 6 billion better than forecast. This is mainly explained by higher tax income.

Interest payments on central government debt amounted to SEK 5.3 billion, which was SEK 0.2 billion higher than forecast.

For the twelve-month period up to the end of August 2013, central government payments resulted in a deficit of SEK 151.5 billion.

Central government debt amounted to SEK 1,203 billion at the end of August.

The outcome for September will be published on 7 October 2013, at 9:30 am.

Further information can be obtained from:
Håkan Carlsson, +46 8 613 47 33

Sweden's Central Government Debt August 2013

Central government borrowing requirement (SEK million)
   August
2012
August
2013
12-month
Net borrowing requirement  -11 136 647 151 465
  Primary borrowing requirement -14 431 -4 662 132 117
  Interest payments 3 294 5 309 19 347
  - Interest on loans in SEK 3 929 5 544 29 975
  - Interest on loans in foreign currency -85 134 1 105
  - Realised currency gains and losses -549 -369 -11 733