Surplus for Swedish central government in August

7 September 2015 - Press release

Swedish central government payments resulted in a surplus of SEK 21.1 billion in August. The Debt Office’s forecast was a surplus of SEK 11.1 billion. The difference is partly explained by a one-off payment that was made earlier than expected, but also by slightly higher tax income and lower disbursements.

The central government’s primary borrowing requirement, excluding net lending, was SEK 9.6 billion lower than forecast. The difference is partly explained by payment displacements. In August Specialfastigheter AB returned SEK 2.1 billion to the government through a reduction of the share capital. This payment was in the forecast for October. In addition, tax income was slightly higher than forecast, while disbursements from among others the Swedish Transport Administration and Sida were lower than expected.

The Debt Office's net lending to government agencies was SEK 1.3 billion lower than calculated, which is mainly due to higher deposits from the Swedish Pensions Agency.

Interest payments on central government debt amounted to SEK 4.0 billion, which was SEK 0.9 billion higher than forecast.

For the twelve-month period up to the end of August 2015, central government payments resulted in a deficit of SEK 65.9 billion.

Central government debt amounted to SEK 1,366 billion at the end of August 2015.

The outcome for September will be published on 7 October 2015, at 9:30 am.  

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

Central government net borrowing requirement (SEK million)
  Outcome August Forecast August Deviation August Acc.
dev1
Outcome 12-month
Net borrowing requirement  -21 077 -11 093 -9 983 -14 880 65 945
Primary borrowing requirement excl. net lending -20 100 -10 460 -9 640 -17 560 26 899
Net lending to agencies etc. -4 965 -3 673 -1 292 1 971 22 572
Interest payments on central government debt 3 989 3 040 949 708 16 475
  - Interest on loans in SEK 4 157 3 180 977 740 4 429
  - Interest on loans in foreign currency -92 17 -109 -376 -329
  - Realised currency gains and losses -76 -157 81 344 12 375
1 Sum of monthly forecast deviations since the latest forecast (June 2015).

Sweden's central government debt August 2015, pdf 

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/