Surplus for Swedish central government in May

8 June 2017 - Press release

Swedish central government payments resulted in a surplus of SEK 36.5 billion in May. The Debt Office’s forecast was a surplus of SEK 34.0 billion. The difference is mainly due to higher income. This was partly offset by higher net lending to government agencies.

Tax income was approximately SEK 4 billion higher than calculated, which was mainly due to higher income from VAT. Other central government income was also higher than forecast. Among other things this is explained by the Riksbank’s transfer of profits of SEK 2.5 billion being carried out in May. This transfer was in the forecast for April.

The Debt Office's net lending to government agencies was SEK 5.6 billion lower than calculated. This was largely due to monthly displacements. The yearly payments of the resolution fee was in the forecast for May, but will be paid in June.

Interest payments on central government debt were SEK 0.8 billion higher than calculated.

For the twelve-month period up to the end of May 2017, central government payments resulted in a surplus of SEK 47.2 billion.

Central government debt amounted to SEK 1,307 billion at the end of May.

The outcome for June will be published on 7 July 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   May. Forecast May Deviation May Acc.    Dev2 Outcome 12-month
Net borrowing   requirement  -36 540 -33 968 -2 572 14 945 -47 180
Primary   borrowing requirement excl. net lending3 -38 673 -31 326 -7 347 10 196 -65 363
Net   lending to agencies etc. 1 166 -4 402 5 568 5 981 14 545
Interest   payments on central government debt 967 1 760 -793 -1 232 3 638
  - Interest on loans in SEK 1 347 1 828 -481 -560 5 724
  - Interest on loans in foreign currency 138 -67 205 62 51
  - Realised currency gains and losses -518 -1 -517 -734 -2 137
1 The net borrowing requirement corresponds to the budget   balance with opposite sign.
2 Sum of monthly forecast deviations since last forecast   (February 2017).
3 Net of the state's primary income and expenditure excluding net lending to agencies.

More data on the borrowing requirement and government debt:

For-investors/Borrowing-and-the-government-debt/

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