Surplus for Swedish central government in November

7 December 2017 - Press release

Swedish central government payments resulted in a surplus of SEK 17.0 billion in November. The Debt Office’s forecast was a surplus of SEK 18.7 billion. The difference is mainly explained by lower tax income.

Tax income was approximately SEK 2 billion lower than forecast, mainly due to higher tax reimbursements.

The Debt Office's net lending to government agencies was in line with the forecast.

Interest payments on central government debt were SEK 0.5 billion lower than calculated.

For the twelve-month period up to the end of November 2017, central government payments resulted in a surplus of SEK 56.1 billion.

Central government debt amounted to SEK 1,274 billion at the end of November.

The outcome for December will be published on 9 January at 9.30 a.m.

Contact

Håkan Carlsson, Analyst +46 (0)8 613 47 33

Robert Sennerdal, Press Secretary, +46 (0)8 613 47 01

Central government net borrowing requirement1 (SEK million)

 

Outcome Nov.

Forecast Nov.

Deviation Nov.

Acc.    Dev2

Outcome 12-month

Net borrowing requirement

-16 994

-18 672

1 678

-10 792

-56 138

Primary borrowing requirement excl. net lending3

-16 534

-18 787

2 254

-9 750

-62 942

Net lending to agencies etc.

-934

-837

-96

-53

-1 545

Interest payments on central government debt

473

953

-480

-988

8 349

  - Interest on loans in SEK

907

939

-32

-486

11 773

  - Interest on loans in foreign currency

-596

-34

-562

-536

-895

  - Realised currency gains and losses

162

48

114

33

-2 529

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

2 Sum of monthly forecast deviations since last forecast (October 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

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

Sweden's Central Government Debt Novermber 2017