Surplus for Swedish central government in April (corrected figure for total central government debt in the pdf file)

8 May 2015 - Press release

Swedish central government payments resulted in a surplus of SEK 7.0 billion in April. The Debt Office’s forecast was a surplus of SEK 4.2 billion. The difference is mainly due to higher tax income and lower interest payments on central government debt.

The central government’s primary borrowing requirement, excluding net lending, was SEK 0.9 billion lower than forecast. Tax income was approximately SEK 3 billion higher than estimated. This was partly counteracted by larger disbursements, mainly the contribution to the EU.

The Debt Office's net lending to government agencies was SEK 0.6 billion higher than forecast, which is mainly due to lower deposits from the Swedish Pensions Agency.

Interest payments on central government debt were SEK 2.5 billion lower than calculated. This is mainly due to lower capital losses related to switch auctions in inflation-linked bonds, since the demand for switching SGB IL 3104 for SGB IL 3111 was lower than expected.

For the twelve-month period up to the end of April 2015, central government payments resulted in a deficit of SEK 66.4 billion.

Central government debt amounted to SEK 1,375 billion at the end of April 2015.

The outcome for May will be published on 5 June 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
Apr
Forecast Apr Deviation Apr Acc.
dev. 1)
Outcome
12-mth
Net borrowing requirement -6 952 -4 158 -2 794 7 421 66 398
Primary borrowing requirement excl. net lending -3 682 -2 793 -889 4 794 40 607
Net lending to agencies etc. -4 301 -4 917 616 4 634 15 192
Interest payments on central government debt 1 032 3 553 -2 521 -2 007 10 599
  - Interest on loans in SEK -292 2 941 -3 233 -2 665 4 135
  - Interest on loans in foreign currency -173 40 -213 -636 703
  - Realised currency gains and losses 1 497 571 926 1 294 5 762
1) Sum of monthly forecast deviations since last forecast (February 2015)

Corrected figure for total central government debt in the pdf file below. Riksgäldsspar now included. Correct figure: 1 374 972 574 336 kronor.

Sweden's Central Government Debt April 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/