Surplus for Swedish central government in November

7 December 2016 - Press release

Swedish central government payments resulted in a surplus of SEK 34.1 billion in November. The Debt Office’s forecast was a surplus of SEK 43.2 billion. The difference is mainly due to the Debt Office's net lending to government agencies were higher than expected.

Disbursements from agencies were SEK 2 billion higher than expected. This is partly explained by government grants to local governments to increase homebuilding. Tax income was in line with the Debt Office’s forecast.

The Debt Office's net lending to government agencies was SEK 5.5 billion higher than calculated. This was largely due to higher lending to the Pension Authority. This is considered temporary and the borrowing requirement is expected to decrease in December.

Interest payments on central government debt were SEK 1.3 billion higher than calculated, which was largely due to exchange losses.

For the twelve-month period up to the end of November 2016, central government payments resulted in a surplus of SEK 62.1 billion.

Central government debt amounted to SEK 1,336 billion at the end of November.

The outcome for December will be published on 10 January 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 Nov. Forecast Nov. Deviation Nov. Acc.    Dev2 Outcome 12-month
Net borrowing requirement  -34 095 -43 165 9 070 1 707 -62 066
Primary borrowing requirement excl. net lending3 -19 942 -22 216 2 274 -2 936 -82 507
Net lending to agencies etc. -14 966 -20 494 5 528 3 308 9 763
Interest payments on central government debt 812 -456 1 268 1 335 10 678
  - Interest on loans in SEK -142 -390 248 112 11 054
  - Interest on loans in foreign currency -21 -47 26 59 522
  - Realised currency gains and losses 975 -19 994 1 164 -899
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 November 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.