Deficit for Swedish central government in October

7 November 2016 - Press release

Swedish central government payments resulted in a deficit of SEK 15.8 billion in October. The Debt Office’s forecast was a deficit of SEK 23.1 billion.

Tax income was SEK 2 billion higher than forecast. At the same time disbursements from a number of agencies were lower than expected.

The Debt Office's net lending to government agencies was SEK 2.2 billion lower than forecast, which is primarily explained by higher deposits.

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

For the twelve-month period up to the end of October 2016, central government payments resulted in a surplus of SEK 49.7 billion.

Central government debt amounted to SEK 1,352 billion at the end of October.

The outcome for November will be published on 7 December at 9.30 a.m.

Contact

Tord Arvidsson, Senior Analyst +46 (0)8 613 47 53
Robert Sennerdal, Press Secretary, +46 (0)8 613 46 94

Central government net borrowing requirement (SEK million)
  Outcome Oct. Forecast Oct. Deviation Oct. Acc.    Dev2 Outcome 12-month
Net borrowing requirement  15 752 23 116 -7 364 -7 364 -49 743
Primary borrowing requirement excl. net lending3 242 5 452 -5 211 -5 211 -83 368
Net lending to agencies etc. 18 711 20 931 -2 219 -2 219 24 343
Interest payments on central government debt -3 201 -3 267 66 66 9 281
  - Interest on loans in SEK -3 275 -3 139 -136 -136 10 372
  - Interest on loans in foreign currency 18 -14 32 32 517
  - Realised currency gains and losses 56 -114 170 170 -1 608
1 The net borrowing requirement corresponds to the budget balance with opposite sign.
2 Sum of monthly forecast deviations since last forecast (October 2016).
3 Net of the state's primary income and expenditure excluding net lending to agencies.

Sweden's Central Government Debt October 2016

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.