Surplus for Swedish central government in April

8 May 2014 - Press release

Swedish central government payments resulted in a surplus of SEK 11.1 billion in April. The Debt Office’s forecast was a surplus of SEK 24.6 billion. The difference of SEK 13.5 billion is largely due to higher net lending to government agencies and lower tax income.

The central government’s primary borrowing requirement, excluding net lending, was SEK 6.6 billion higher than forecast. It is mainly explained by tax income being SEK 5.3 billion lower than calculated. The remainder is explained by a number of smaller forecast deviations on government authorities’ current payments.

The Debt Office's net lending to government agencies was SEK 6.1 billion higher than forecast. It is mainly due to shifts in on-lending to the Riksbank between March and April.

Interest payments on central government debt were SEK 0.8 billion higher than forecast.

For the twelve-month period up to the end of April 2014, central government payments resulted in a deficit of SEK 31 billion.

Central government debt amounted to SEK 1,225 billion at the end of April.

The outcome for May will be published on 9 June 2014, at 9:30 am.

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

 Sweden's Central Government Debt April 2014

Central Government Net Borrowing requirement (SEK million)

 

April
2013

April
2014

12-month

Net borrowing requirement

769

-11 121

31 251

  Primary borrowing requirement

2 240

-9 890

15 373

  Interest payments

-1 471

-1 232

15 878

  - Interest on loans in SEK

-574

-1 076

20 398

  - Interest on loans in foreign currency

-8

106

1 377

  - Realised currency gains and losses

-888

-262

-5 897