Surplus for Swedish central government in April

9 May 2016 - Press release

Swedish central government payments resulted in a surplus of SEK 14.5 billion in April, in line with the Debt Office’s forecast of SEK 14.0 billion. Higher than expected tax income was offset by lower income from dividends and higher interest payments on central government debt.

Tax income was about SEK 8 billion higher than forecast, mainly due to higher supplementary tax payments. Dividend income was SEK 4 billion lower than expected as dividends from the Riksbank and Telia, which were projected in April, instead will be paid in May and October, respectively.  

The Debt Office's net lending to government agencies was SEK 0.6 billion lower than forecast.

Interest payments on central government debt were SEK 4.9 billion higher than forecast. This is mainly due to capital losses in connection with switch auctions in inflation-linked bonds which were higher than assumed in the Debt Office's February forecast. 

For the twelve-month period up to the end of April 2016, central government payments resulted in a surplus of SEK 23 billion.

Central government debt amounted to SEK 1,305 billion at the end of April.

The outcome for May will be published on 8 June at 9.30 a.m.

Contact

Johan Sandberg, Senior Analyst, +46 (0)8 613 47 37
Linda Rudberg, Press Officer, +46 (0)8 613 45 38

Net borrowing requirement¹ (SEK million)
  Outcome April Forecast April Dev. April Acc. dev.2 Outcome 12-month
Net borrowing requirement  -14 484 -13 982 -502 -5 442 -22 923
Primary borrowing requirement excl. net lending3 -13 917 -9 103 -4 814 -10 901 -44 277
Net lending to agencies etc. -2 654 -2 097 -558 651 5 742
Interest payments on central government debt 2 087 -2 782 4 869 4 808 15 612
  - Interest on loans in SEK 2 502 -2 433 4 935 3 608 15 130
  - Interest on loans in foreign currency -159 2 -161 114 42
  - Realised currency gains and losses -255 -351 96 1 087 439
1 The net borrowing requirement corresponds to the budget balance with opposite sign.
2 Sum of monthly forecast deviations since the latest forecast (February 2016).
3 Net of the state's primary expenditure and income excluding net lending to agencies.

Sweden's central government debt April 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.