Deficit for Swedish central government in October

7 November 2014 - Press release

Swedish central government payments resulted in a deficit of SEK 6.3 billion in October. The Debt Office’s forecast was a deficit of SEK 18.0 billion. The difference is mainly due to lower on-lending to the Riksbank.

The central government’s primary borrowing requirement, excluding net lending, was SEK 1.0 billion lower than forecast. Tax income was approximately SEK 3 billion higher than forecast. At the same time disbursements were somewhat higher than calculated.

The Debt Office's net lending to government agencies was SEK 10.2 billion lower than forecast. This is explained by on-lending to the Riksbank being SEK 9 billion lower than calculated. However, this is mainly a redistribution of on-lending between October and November.

Interest payments on central government debt were SEK 0.6 billion lower than calculated, which is mainly explained by larger premiums on bonds issued.

For the twelve-month period up to the end of October 2014, central government payments resulted in a deficit of SEK 65.5 billion.

Central government debt amounted to SEK 1,303 billion at the end of October.

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

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

Central government net borrowing requirement (SEK million)

 

Outcome
Oct

Forecast
Oct

Deviation
Oct

Acc.
dev.1)

Outcome
12-month

Net borrowing requirement

6 282

18 049

-11 768

-23 704

65 527

Primary borrowing requirement excl. net lending

12 824

13 843

-1 019

-11 063

47 650

Net lending to agencies etc.

-2 666

7 511

-10 177

-11 644

12 257

Interest payments on central government debt

-3 877

-3 304

-572

-997

5 620

  - Interest on loans in SEK

-4 766

-3 331

-1 434

-3 343

10 023

  - Interest on loans in foreign currency

153

87

66

666

2 004

  - Realised currency gains and losses

736

-60

796

1 680

-6 407

1) Sum of monthly forecast deviations since the last forecast, June 2014.

 Sweden's Central Government Debt October 2014, pdf