Deficit for Swedish central government in June

7 July 2016 - Press release

Swedish central government payments resulted in a deficit of SEK 19.6 billion in June. The Debt Office’s forecast was a deficit of SEK 21.3 billion. The difference is mainly due to larger tax income.

Tax income was about SEK 2 billion higher than forecast. It was mainly income from taxes on consumption that developed stronger.

The Debt Office's net lending to government agencies was SEK 0.4 billion higher than forecast, mainly due to larger lending to Svenska Kraftnät.

Interest payments on central government debt amounted to SEK 1.8 billion, which was in line with forecast.

For the twelve-month period up to the end of June 2016, central government payments resulted in a surplus of SEK 52.5 billion.

Central government debt amounted to SEK 1,363 billion at the end of June.

The outcome for July will be published on 5 August at 9.30 a.m.

Contact

Håkan Carlsson, Senior Analyst, +46 (0)8 613 47 33

Linda Rudberg, Press Officer, +46 (0)8 613 45 38

Central government net borrowing requirement¹ (SEK million)

 

Outcome June

Forecast June

Deviation June

Acc.    Dev2

Outcome 12-month

Net borrowing requirement

19 574

21 336

-1 762

-1 762

-52 518

Primary borrowing requirement excl. net lending3

23 048

25 157

-2 109

-2 109

-64 189

Net lending to agencies etc.

-5 220

-5 635

415

415

-1 686

Interest payments on central government debt

1 745

1 814

-69

-69

13 357

  - Interest on loans in SEK

1 745

1 720

25

25

13 513

  - Interest on loans in foreign currency

21

-32

53

53

104

  - Realised currency gains and losses

-21

126

-147

-147

-260

1 The net borrowing requirement corresponds to the budget balance with opposite sign.

2 Sum of monthly forecast deviations since last forecast (June 2016).

3 Net of the state's primary income and expenditure excluding net lending to agencies.

 Sweden's central government debt June 2016, pdf 

More data on the borrowing requirement and government debt

The monthly outcome of the central government net borrowing requirement is included in the official statistics of Sweden.