Deficit for Swedish central government in March

9 April 2015 - Press release

Swedish central government payments resulted in a deficit of SEK 1.7 billion in March. The Debt Office’s forecast was a surplus of SEK 6.3 billion. The difference of SEK 8.0 billion is mainly due to lower tax income and higher net lending to government agencies.

The central government's primary borrowing requirement, excluding net lending, was SEK 5.0 billion higher than forecast. This is mainly explained by the fact that tax income was SEK 6 billion lower than estimated.

The Debt Office's net lending to government agencies was SEK 3.1 billion higher than forecast, which is mainly due to reduced deposits from the Swedish Export Credits Guarantee Board and the Swedish Pensions Agency.

Interest payments on central government debt were SEK 0.1 billion lower than calculated.

For the twelve-month period up to the end of March 2015, central government payments resulted in a deficit of SEK 62.2 billion.

Central government debt amounted to SEK 1,381 billion at the end of March 2015.

The outcome for April will be published on 8 May 2015, at 9:30 am.

Further information can be obtained from:

Johan Sandberg, analyst, +46 8 613 47 37

Central government net borrowing requirement (SEK million)
  Outcome
Mar
Forecast Mar Deviation Mar Acc.
dev. 1)
Outcome
12-mth
Net borrowing requirement 1 750 -6 273 8 023 10 215 62 229
Primary borrowing requirement excl. net lending -942 -5 900 4 957 5 684 42 887
Net lending to agencies etc. -3 560 -6 701 3 141 4 018 11 006
Interest payments on central government debt 6 252 6 328 -76 513 8 336
  - Interest on loans in SEK 2 147 2 284 -137 568 3 351
  - Interest on loans in foreign currency -52 354 -407 -423 982
  - Realised currency gains and losses 4 157 3 689 468 369 4 003
1) Sum of monthly forecast deviations since the latest forecast (February 2015)

General and detailed information on central government borrowing and debt is reported on the Debt Office's website: https://www.riksgalden.se/en/For-investors/Borrowing-and-the-government-debt/

Sweden's Central Government Debt March 2015, pdf