Surplus for Swedish central government in January

5 February 2016 - Press release

Swedish central government payments resulted in a surplus of SEK 17 billion in January. The Debt Office’s forecast was a deficit of SEK 6 billion. The difference is mainly explained by a significant increase in preliminary tax payments.

Tax income was about SEK 18 billion higher than forecast, primarily due to increased payments of preliminary taxes concerning 2015. The Debt Office’s assessment is that part of these are non-recurring.

Furthermore, disbursements from central government agencies were about SEK 6 billion lower than calculated.

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

For the twelve-month period up to the end of January 2016, central government payments resulted in a deficit of SEK 3.6 billion.

Central government debt amounted to SEK 1,399 billion at the end of January.

The outcome for February will be published on 7 March at 9.30 a.m.

Contact

Thomas Olofsson, Head of Debt Management, +46 (0)8 613 47 82
Linda Rudberg, Press Officer, +46 (0)8 613 45 38

Net borrowing requirement¹ (SEK million)
  Outcome January Forecast January Deviation January Acc.    Dev.2 Outcome 12-month
Net borrowing requirement  -16 597 6 349 -22 946 -35 714 3 618
Primary borrowing requirement excl. net lending3 -14 193 9 713 -23 906 -30 123 -20 055
Net lending to agencies etc. -1 435 -1 763 328 -4 039 1 713
Interest payments on central government debt -968 -1 600 632 -1 552 21 960
  - Interest on loans in SEK -1 157 -1 613 456 -2 168 13 040
  - Interest on loans in foreign currency 9 24 -15 -37 -243
  - Realised currency gains and losses 180 -11 191 653 9 164
1 The net borrowing requirement corresponds to the budget balance with opposite sign.
2 Sum of monthly forecast deviations since the latest forecast (October 2015).
3 Net of the state's primary expenditure and income excluding net lending to agencies.

More data on the borrowing requirement and government debt

Sweden's Central Government Debt January 2016, pdf