Deficit for Swedish central government in October

Press release 7 November 2014

Swedish central government payments resulted in a deficit of SEK 6.3 billion in October. The Debt Office’s forecast was a deficit of SEK 18.0 billion. The difference is mainly due to lower on-lending to the Riksbank.

The central government’s primary borrowing requirement, excluding net lending, was SEK 1.0 billion lower than forecast. Tax income was approximately SEK 3 billion higher than forecast. At the same time disbursements were somewhat higher than calculated.

The Debt Office's net lending to government agencies was SEK 10.2 billion lower than forecast. This is explained by on-lending to the Riksbank being SEK 9 billion lower than calculated. However, this is mainly a redistribution of on-lending between October and November.

Interest payments on central government debt were SEK 0.6 billion lower than calculated, which is mainly explained by larger premiums on bonds issued.

For the twelve-month period up to the end of October 2014, central government payments resulted in a deficit of SEK 65.5 billion.

Central government debt amounted to SEK 1,303 billion at the end of October.

The outcome for November will be published on 5 December 2014, at 9:30 am.

Further information can be obtained from:
Tord Arvidsson, +46 8 613 47 53

 Sweden's Central Government Debt October 2014, pdf