Deficit for Swedish central government in March

7 April 2017 - Press release

Swedish central government payments resulted in a deficit of SEK 9.1 billion in March. The Debt Office’s forecast was a surplus of SEK 7.4 billion. The difference is due to both lower tax income and larger disbursements than calculated.

Tax income was approximately SEK 13 billion lower than forecast. This is mainly explained by lower supplementary tax payments and higher tax reimbursements. The Debt Office's assessment is that the deviation mainly consists of shifts in payments between months. Other tax types developed in line with the forecast.

Disbursements from Sida were SEK 4 billion higher than expected. Furthermore disbursements from Kammarkollegiet were SEK 3 billion higher than forecast. In both cases it is, to a large extent, advance payments of disbursements that were in the forecast for April.

The Debt Office's net lending to government agencies was SEK 0.4 billion lower than calculated.

Interest payments on central government debt were SEK 1.2 billion lower than calculated. This is mainly due to larger premiums and lower exchange losses than calculated.

For the twelve-month period up to the end of March 2017, central government payments resulted in a surplus of SEK 56.8 billion.

Central government debt amounted to SEK 1,332 billion at the end of March.

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

Contact

Håkan Carlsson, Senior Analyst +46 (0)8 613 47 33
Robert Sennerdal, Press Secretary, +46 (0)8 613 46 94

Central government net borrowing requirement¹ (SEK million)

 

Outcome Mar.

Forecast Mar.

Deviation Mar.

Acc.    Dev2

Outcome 12-month

Net   borrowing requirement

9 111

-7 365

16 476

21 743

-56 762

Primary borrowing requirement excl. net   lending3

8 870

-9 265

18 134

20 053

-74 719

Net lending to agencies etc.

-4 153

-3 705

-449

2 202

10 782

Interest payments on central government debt

4 394

5 604

-1 210

-512

7 174

  -   Interest on loans in SEK

3 106

4 130

-1 024

-519

8 711

  -   Interest on loans in foreign currency

13

-56

69

107

282

  -   Realised currency gains and losses

1 275

1 530

-255

-100

-1 818

1 The net borrowing requirement corresponds to the budget balance with opposite sign.

2 Sum of monthly forecast deviations since the lastest forecast (February 2017).

3 Net of the state's primary expenditure and income excluding net lending to agencies.

Sweden's Central Government Borrowing March 2017, 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.