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Surplus for Swedish central government in August
Press release 7 September 2015
Swedish central government payments resulted in a surplus of SEK 21.1 billion in August. The Debt Office’s forecast was a surplus of SEK 11.1 billion. The difference is partly explained by a one-off payment that was made earlier than expected, but also by slightly higher tax income and lower disbursements.
The central government’s primary borrowing requirement, excluding net lending, was SEK 9.6 billion lower than forecast. The difference is partly explained by payment displacements. In August Specialfastigheter AB returned SEK 2.1 billion to the government through a reduction of the share capital. This payment was in the forecast for October. In addition, tax income was slightly higher than forecast, while disbursements from among others the Swedish Transport Administration and Sida were lower than expected.
The Debt Office's net lending to government agencies was SEK 1.3 billion lower than calculated, which is mainly due to higher deposits from the Swedish Pensions Agency.
Interest payments on central government debt amounted to SEK 4.0 billion, which was SEK 0.9 billion higher than forecast.
For the twelve-month period up to the end of August 2015, central government payments resulted in a deficit of SEK 65.9 billion.
Central government debt amounted to SEK 1,366 billion at the end of August 2015.
The outcome for September will be published on 7 October 2015, at 9:30 am.
Further information can be obtained from:
Håkan Carlsson, analyst, +46 8 613 47 33
| 1 Sum of monthly forecast deviations since the latest forecast (June 2015). | |||||
| Outcome August | Forecast August | Dev. Aug | Acc. dev1 | Outcome 12-month | |
|---|---|---|---|---|---|
| Net borrowing requirement | -21 077 | -11 093 | -9 983 | -14 880 | 65 945 |
| Primary borrowing requirement excl. net lending | -20 100 | -10 460 | -9 640 | -17 560 | 26 899 |
| Net lending to agencies etc. | -4 965 | -3 673 | -1 292 | 1 971 | 22 572 |
| Interest payments on central government debt | 3 989 | 3 040 | 949 | 708 | 16 475 |
| - Interest on loans in SEK | 4 157 | 3 180 | 977 | 740 | 4 429 |
| - Interest on loans in foreign currency | -92 | 17 | -109 | -376 | -329 |
| - Realised currency gains and losses | -76 | -157 | 81 | 344 | 12 375 |
Sweden's central government debt August 2015, pdf
General and detailed information on central government borrowing and debt is reported on the Debt Office's website.