Deficit for Swedish central government in September

7 October 2014 - Press release

Swedish central government payments resulted in a deficit of SEK 8.0 billion in September. The Debt Office’s forecast was a deficit of SEK 1.9 billion. The difference is mainly due to larger disbursements than calculated.

The central government's primary borrowing requirement, excluding net lending, was SEK 4.7 billion higher than forecast. This is mainly explained by larger disbursements from government agencies, for example Sida. Tax income was SEK 0.2 billion lower than forecast.

The Debt Office's net lending to government agencies was SEK 2.1 billion higher than forecast. This is explained by somewhat larger on-lending to the Riksbank and lower deposits from agencies.

Interest payments on central government debt were SEK 0.8 billion lower than forecast, which is mainly explained by larger premiums on issued bonds.

For the twelve-month period up to the end of September 2014, central government payments resulted in a deficit of SEK 66.6 billion.

Central government debt amounted to SEK 1,284 billion at the end of September.

The outcome for October will be published on 7 November 2014, at 9:30 am. The Debt Office's next forecast will be published on 9 December 2014, at 9:30 am.

For further information, please contact:
Håkan Carlsson, +46 8 613 47 33

Central government net borrowing requirement, SEK million

 

Outcome
Sep

Forecast
Sep

Deviation
Sep

Acc.
dev.1

Outcome
12-month

Net borrowing requirement

8 017

1 880

6 137

-11 936

66 596

Primary borrowing requirement excl. net lending

11 474

6 734

4 740

-10 044

59 390

Net lending to agencies etc.

-595

-2 744

2 148

-1 468

12 480

Interest payments on central government debt

-2 861

-2 110

-752

-424

7 206

  - Interest on loans in SEK

-3 235

-2 049

-1 186

-1 909

13 253

  - Interest on loans in foreign currency

60

19

42

600

1 872

  - Realised currency gains and losses

314

-79

393

884

-7 919

1 Sum of monthly forecast deviations since the latest forecast, from June 2014.

Sweden's Central Government Debt September 2014, pdf