Surplus for Swedish central government in September

6 October 2017 - Press release

Swedish central government payments resulted in a surplus of SEK 8.4 billion in September. The Debt Office’s forecast was a deficit of SEK 7.6 billion. The difference is explained by higher tax income as well as lower disbursements.

Tax income was approximately SEK 8 billion higher than calculated. At the same time, central government spending was approximately SEK 6 billion lower than forecast.

The Debt Office's net lending to government agencies was SEK 2.2 billion lower than calculated. This was primarily due to higher deposits from the Swedish Export Credit Agency.

Interest payments on central government debt were SEK 0.1 billion higher than calculated.

For the twelve-month period up to the end of September 2017, central government payments resulted in a surplus of SEK 50.8 billion.

Central government debt amounted to SEK 1,240 billion at the end September.

The outcome for October will be published on 7 November at 9.30 a.m. On 25 October the Debt Office will publish new forecasts for the Swedish economy and central government borrowing.

Contact

Håkan Carlsson, Senior 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 Sep.

Forecast Sep.

Deviation Sep.

Acc.    Dev2

Outcome 12-month

Net borrowing requirement

-8 352

7 607

-15 959

-34 846

-50 807

Primary borrowing requirement excl. net lending3

-2 031

11 859

-13 890

-29 170

-64 375

Net lending to agencies etc.

-4 802

-2 642

-2 161

-4 344

5 461

Interest payments on central government debt

-1 519

-1 611

92

-1 332

8 108

  - Interest on loans in SEK

-1 782

-1 402

-380

-1 156

9 655

  - Interest on loans in foreign currency

14

22

-8

-34

-244

  - Realised currency gains and losses

249

-231

480

-141

-1 303

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

2 Sum of monthly forecast deviations since last forecast (June 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 September 2017