Surplus for Swedish central government in October

6 November 2015 - Press release

Swedish central government payments resulted in a surplus of SEK 1.1 billion in October. The Debt Office’s forecast was a deficit of SEK 3.9 billion. The difference is mainly explained by higher tax income.

Tax income was approximately SEK 5 billion higher than forecast. At the same time disbursements from a few government agencies were somewhat higher than estimated.

The Debt Office's net lending to government agencies was SEK 2.1 billion lower than calculated. The deviation is mainly due to lower lending to Svenska Kraftnät.

Interest payments on central government debt were SEK 0.6 billion lower than forecast.

For the twelve-month period up to the end of October 2015, central government payments resulted in a deficit of SEK 45.7 billion.

Central government debt amounted to SEK 1,344 billion at the end of October 2015.

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

Contact

Tord Arvidsson, analyst, +46 (0)8 613 47 53
Linda Rudberg, press officer, +46 (0)8 613 45 38

Net borrowing requirement¹ (SEK million)
  Outcome October Forecast October Deviation October Acc.    Dev. ² Outcome 12-month
Net borrowing requirement  -1 142 3 950 -5 092 -5 092 45 707
Primary borrowing requirement excl. net lending³ 10 050 12 430 -2 381 -2 381 12 954
Net lending to agencies etc. -6 749 -4 632 -2 118 -2 118 17 014
Interest payments on central government debt -4 443 -3 849 -594 -594 15 739
  - Interest on loans in SEK -4 636 -3 717 -919 -919 4 991
  - Interest on loans in foreign currency 27 38 -11 -11 -544
  - Realised currency gains and losses 166 -170 336 336 11 291
1 The net borrowing requirement corresponds to the budget balance with opposite sign.
2 Sum of monthly forecast deviations since the latest forecast (October 2015).
3 Net of the state's primary expenditure and income excluding net lending to agencies.

Sweden's central government debt October 2015, pdf

Data on the net borrowing requirement, funding and debt