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Surplus for Swedish central government in August
Press release 7 September 2017
Swedish central government payments resulted in a surplus of SEK 39.1 billion in August. The Debt Office’s forecast was a surplus of SEK 16.6 billion. The difference is explained by the fact that on-lending to the Riksbank was brought forward to July.
Tax income was approximately SEK 2 billion lower than calculated. At the same time, government spending was marginally higher than forecast.
The Debt Office's net lending to government agencies was SEK 24.0 billion lower than calculated. This was because loans to the Riksbank which matured in August were refinanced in July. The lower net lending is thus only a redistribution between July and August.
Interest payments on central government debt were SEK 1.2 billion lower than calculated.
For the twelve-month period up to the end of August 2017, central government payments resulted in a surplus of SEK 52.1 billion.
Central government debt amounted to SEK 1,242 billion at the end of August.
The outcome for September will be published on 6 October at 9.30 a.m.
Contact
Tord Arvidsson, Senior Analyst +46 (0)8 613 47 53
Press Contact, +46 (0)8 613 47 01
1 The net borrowing requirement corresponds to the budget balance with opposite sign. |
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2 Sum of monthly forecast deviations since last forecast (June 2017). |
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3 Net of the state's primary income and expenditure excluding net lending to agencies. |
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Outcome Aug. | Forecast Aug. | Dev. Aug. | Acc. Dev2 | Outcome 12-month | |
---|---|---|---|---|---|
Net borrowing requirement |
-39 071 |
-16 573 |
-22 498 |
-18 886 |
-52 143 |
Primary borrowing requirement excl. net lending3 |
-15 110 |
-17 807 |
2 697 |
-15 279 |
-66 339 |
Net lending to agencies etc. |
-24 503 |
-491 |
-24 012 |
-2 184 |
8 341 |
Interest payments on central government debt |
543 |
1 725 |
-1 182 |
-1 423 |
5 855 |
- Interest on loans in SEK |
1 431 |
1 913 |
-482 |
-776 |
8 314 |
- Interest on loans in foreign currency |
-57 |
-23 |
-34 |
-26 |
-209 |
- Realised currency gains and losses |
-832 |
-165 |
-667 |
-621 |
-2 250 |
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.