Surplus for Swedish central government in March

Press release 7 April 2016

Swedish central government payments resulted in a surplus of SEK 8.9 billion in March. The Debt Office’s forecast was a surplus of SEK 2.0 billion. The difference is mainly explained by higher tax income.

Tax income was about SEK 6 billion higher than forecast. The deviation is due to larger supplementary tax payments.

The Debt Office's net lending to government agencies was SEK 1.2 billion lower than forecast. This was mainly due to lower lending to Svenska Kraftnät.

Interest payments on central government debt were SEK 0.5 billion higher than forecast.

For the twelve-month period up to the end of March 2016, central government payments resulted in a surplus of SEK 15 billion.

Central government debt amounted to SEK 1,321 billion at the end of March.

The outcome for April will be published on 9 May at 9.30 am.

Contact

Håkan Carlsson, Senior Analyst, +46 (0)8 613 47 33

Linda Rudberg, Press Officer, +46 (0)8 613 45 38

Central government net   borrowing requirement1 (SEK million)

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

2 Sum of monthly forecast deviations since the latest   forecast (February 2016).

3 Net of the state's primary expenditure and income excluding net lending to agencies.

 Outcome MarchForecast MarchDeviation MarchAcc. Dev2Outcome 12-month

Net   borrowing requirement

-8 929

-2 035

-6 894

-4 939

-15 391

Primary borrowing requirement excl. net   lending3

-9 320

-3 080

-6 240

-6 088

-34 042

Net lending to agencies etc.

-2 222

-1 023

-1 199

1 209

4 095

Interest payments on central government debt

2 613

2 068

545

-61

14 556

  -   Interest on loans in SEK

1 898

2 945

-1 047

-1 327

12 335

  -   Interest on loans in foreign currency

252

-16

268

275

29

  -   Realised currency gains and losses

463

-861

1 324

991

2 192

More data on the borrowing requirement and government debt

Sweden's Central Government Debt March 2016, pdf 

The monthly outcome of the central government net borrowing requirement is included in the official statistics of Sweden.