Surplus for Swedish central government in March

7 April 2016 - Press release

Swedish central government payments resulted in a surplus of SEK 8.9 billion in March. The Debt Office’s forecast was a surplus of SEK 2.0 billion. The difference is mainly explained by higher tax income.

Tax income was about SEK 6 billion higher than forecast. The deviation is due to larger supplementary tax payments.

The Debt Office's net lending to government agencies was SEK 1.2 billion lower than forecast. This was mainly due to lower lending to Svenska Kraftnät.

Interest payments on central government debt were SEK 0.5 billion higher than forecast.

For the twelve-month period up to the end of March 2016, central government payments resulted in a surplus of SEK 15 billion.

Central government debt amounted to SEK 1,321 billion at the end of March.

The outcome for April will be published on 9 May at 9.30 am.

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 March Forecast March Deviation March Acc.    Dev2 Outcome 12-month
Net borrowing requirement  -8 929 -2 035 -6 894 -4 939 -15 391
Primary borrowing requirement excl. net lending3 -9 320 -3 080 -6 240 -6 088 -34 042
Net lending to agencies etc. -2 222 -1 023 -1 199 1 209 4 095
Interest payments on central government debt 2 613 2 068 545 -61 14 556
  - Interest on loans in SEK 1 898 2 945 -1 047 -1 327 12 335
  - Interest on loans in foreign currency 252 -16 268 275 29
  - Realised currency gains and losses 463 -861 1 324 991 2 192
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.

More data on the borrowing requirement and government debt

Sweden's Central Government Debt March 2016, pdf 

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