Surplus for Swedish central government in March

8 April 2013 - Press release

Swedish central government payments resulted in a surplus of SEK 5.8 billion in March. This was SEK 15.5 billion higher than the Debt Office’s forecast, which was a deficit of SEK 9.7 billion. The difference is largely due to shifts in payments between February and March, higher tax income and lower disbursements from a number of authorities.

The Debt Office's net lending was SEK 8.4 billion lower than forecast. This is mainly due to on-lending to the Riksbank which was carried out in February instead of March. Additionally, several authorities made deposits in their accounts at the Debt Office.

Tax income was SEK 2.3 billion higher than forecast. The Swedish capital contribution of SEK 2.5 billion to the European Investment Bank was disbursed in February instead of March. Additionally, disbursements from a number of authorities were in total SEK 3 billion lower than calculated.

Interest payments on central government debt were SEK 5.8 billion, which were SEK 0.7 billion higher than expected.

For the twelve-month period up to the end of March 2013, central government payments resulted in a deficit of SEK 127.1 billion.

Central government debt amounted to SEK 1,211 billion at the end of March.

The outcome for April will be published on 8 May 2013, at 9:30 am.

Further information can be obtained from:
Tord Arvidsson, +46 8 613 47 53

Central government borrowing requirement (SEK million)
   March
2012
March
2013
12-month
Net borrowing requirement  -9 451 -5 810 127 089
  Primary borrowing requirement -12 285 -11 644 101 885
  Interest payments 2 834 5 834 25 204
  - Interest on loans in SEK 7 383 6 696 28 129
  - Interest on loans in foreign currency 58 -27 1 876
  - Realised currency gains and losses -4 607 -835 -4 801

Central Government Debt March 2013