Surplus for Swedish central government in August

Press release 5 September 2014

Swedish central government payments resulted in a surplus of SEK 11.7 billion in August. The Debt Office's forecast was a surplus of SEK 7.4 billion. The deviation of SEK 4.2 billion is mainly due to higher tax income and somewhat lower net lending to agencies.

The central government's primary borrowing requirement, excluding net lending, was SEK 4.0 billion lower than forecast. The main reason is that tax income was SEK 3.5 billion higher than calculated.

The Debt Office's net lending to government agencies was SEK 0.7 billion lower than forecast. This is explained by somewhat larger deposits from a few agencies.

Interest payments on central government debt amounted to SEK 4.0 billion, which was SEK 0.5 billion higher than forecast.

During the period June to August, the net borrowing requirement has been SEK18.1 billion lower than the Debt Office's forecast. This is mainly due to tax income being almost SEK 12 billion higher than estimated. The Debt Office estimates that tax income will be lower than forecast in the coming months, but the outcome still indicates that the net borrowing requirement for the full year 2014 may be somewhat lower than the Debt Office's latest forecast.

For the twelve-month period up to the end of August 2014, central government payments resulted in a deficit of SEK 30.3 billion.

Central government debt amounted to SEK 1,261 billion at the end of August.

The outcome for September will be published on 7 October 2014, at 9:30 am.

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

Sweden's Central Government Debt August 2014

¹⁾  Sum of monthly forecast deviations since the latest forecast, June 2014.