Deficit for Swedish central government in July

7 August 2014 - Press release

Swedish central government payments resulted in a deficit of SEK 3.8 billion in July. The Debt Office’s forecast was a deficit of SEK 12.0 billion. The difference of SEK 8.2 billion is mainly due to higher tax income and ceased on-lending to Iceland.

The central government's primary borrowing requirement, excluding net lending, was SEK 6.1 billion lower than forecast. The main reason is that tax income was approximately SEK 4 billion higher than calculated. The remaining part of the forecast deviation is due to lower payments by a number of government agencies.

The Debt Office's net lending to government agencies was SEK 1.7 billion lower than forecast. Almost the entire deviation is explained by the fact that Iceland has made an early repayment of its remaining loan of EUR 205 million, equivalent to SEK 1.9 billion.

Interest payments on central government debt were SEK 0.4 billion lower than forecast.

For the twelve-month period up to the end of July 2014, central government payments resulted in a deficit of SEK 42.6 billion.

Central government debt amounted to SEK 1,258 billion at the end of July.

The outcome for August will be published on 5 September 2014, at 9:30 am.

Further information can be obtained from:
Johan Sandberg, +46 8 613 47 37

Sweden's Central Government Debt July 2014

CENTRAL GOVERNMENT NET BORROWING REQUIREMENT, (SEK Million)

 

July

July

12 months

 

2013

2014

 

Net borrowing requirement

8 908

3 771

42 614

Primary borrowing requirement excl. net lending

11 985

7 713

30 348

Net lendning to agencies etc.

-3 233

-5 386

1 872

Interest payments on central government debt

156

1 444

10 394

  - Interest on loans in SEK

471

699

17 649

  - Interest on loans in foreign currency

40

99

1 910

  - Realised currency gains and losses

-354

646

-9 166