Surplus for Swedish central government in February

7 March 2016 - Press release

Swedish central government payments resulted in a surplus of SEK 45 billion in February. The Debt Office’s forecast was a surplus of SEK 47 billion. The difference is mainly explained by higher net lending to government agencies.

Tax income was about SEK 2 billion higher than forecast. This was offset by larger disbursements from central government agencies.

The Debt Office's net lending to government agencies was SEK 2.4 billion higher than calculated. This is mainly due to reduced deposits from the Nuclear Waste Fund and the Export Credits Guarantee Board.

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

For the twelve-month period up to the end of February 2016, central government payments resulted in a surplus of SEK 4.7 billion.

Central government debt amounted to SEK 1,347 billion at the end of February.

The outcome for March will be published on 7 April 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

Net borrowing requirement¹ (SEK million)
  Outcome February Forecast February Deviation February Acc.
Dev.2
Outcome 12-month
Net borrowing requirement  -45 471 -47 425 1 954 1 954 -4 713
Primary borrowing requirement excl. net lending3 -42 161 -42 313 152 152 -25 665
Net lending to agencies etc. 369 -2 039 2 408 2 408 2 757
Interest payments on central government debt -3 679 -3 073 -606 -606 18 195
  - Interest on loans in SEK -2 956 -2 675 -281 -281 12 584
  - Interest on loans in foreign currency 16 8 8 8 -275
  - Realised currency gains and losses -739 -406 -333 -333 5 886
1 The net borrowing requirement corresponds to the budget balance with opposite sign.
2 Sum of monthly forecast deviations since last forecast (February 2016).
3 Net of the state's primary expenditure and income excluding net lending to agencies.

Sweden's Central Government Debt February 2016, pdf 

More data on the borrowing requirement and government debt