Swedish central government finances in January were in balance - Riksgalden.se

Swedish central government finances in January were in balance

7 February 2018 - Press release

Swedish central government payments resulted in a balance of SEK 0.0 billion in January. The Debt Office's forecast was a surplus of SEK 2.3 billion. The difference is mainly explained by the fact that the Debt Office's net lending to government agencies was higher than forecast.

The Debt Office’s net lending to government agencies etc. was SEK 3.0 billion higher than expected. This was mainly due to reduced deposits from, among others, the Nuclear Waste Fund and the Swedish Pensions Agency.

Tax income was approximately SEK 6 billion higher than forecast, due to higher supplementary tax payments. This was almost completely offset by higher disbursements from, among others, SIDA, Kammarkollegiet and Försäkringskassan.

Interest payments on central government debt were SEK 0.2 billion lower than calculated.

For the twelve-month period up to the end of January 2018, central government payments resulted in a surplus of SEK 53.1 billion.

Central government debt amounted to SEK 1,250 billion at the end of January.

The outcome for February will be published on 7 March at 9.30 a.m.

Revised forecasts for 2018 and 2019 will be published on 21 February at 9:30 a.m.

Contact

Lina Majtorp, Economist +46 (0)8 613 46 76

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

Central government net borrowing requirement¹ (SEK million)

 

Outcome Jan.

Forecast Jan.

Deviation Jan.

Acc.    Dev2

Outcome 12-month

Net   borrowing requirement

-30

-2 302

2 273

-31 190

-53 125

Primary borrowing requirement excl. net   lending3

-2 731

-2 165

-566

-29 269

-67 002

Net lending to agencies etc.4

4 040

1 047

2 993

-408

2 727

Interest payments on central government debt

-1 339

-1 185

-154

-1 513

11 151

 - Interest on loans in SEK

-1 111

-1 215

104

213

13 478

 - Interest on loans in foreign currency

-8

-4

-4

-552

-881

 - Realised currency gains and losses

-220

34

-254

-1 175

-1 446

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.

4 The net of government agencies etc. deposits and loans in the state’s internal bank. The net lending includes both current government operations and temporary occurrences which can be decided on short notice. The net lending affects the net borrowing requirement and central government debt, but are not covered by the  Central   government expenditure ceiling.

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 January 2018