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Surplus for Swedish central government in October
Press release 7 November 2018
Swedish central government payments resulted in a surplus of SEK 3.1 billion in October. The Debt Office’s forecast was a surplus of SEK 10.3 billion. The difference was mainly due to lower tax income than calculated.
The central government's primary balance was SEK 8.8 billion lower than forecast. This was mainly due to that tax income were approximately SEK 7 billion lower than calculated. The major part of the difference was due to higher payments from the tax account than expected.
The Debt Office’s net lending to government agencies etc. was SEK 2.1 billion lower than forecasted. This was mainly explained by higher deposits from the Swedish Pensions Agency.
Interest payments on central government debt were SEK 0.4 billion higher than forecast.
For the twelve-month period up to the end of October 2018, central government payments resulted in a surplus of SEK 90.2 billion.
Central government debt amounted to SEK 1,200 billion at the end of October.
The outcome for November will be published on 7 December 2018 at 9.30 a.m.
Contact
Tord Arvidsson, Analyst +46 (0)8 613 47 53
Press Office, +46 (0)8 613 47 01
¹ The net borrowing requirement corresponds to the budget balance with opposite sign. | |||||
² Sum of monthly forecast deviations since last forecast (October 2018). | |||||
³ Net of the state's primary expenditure and income. | |||||
4 The net of government agencies etc. deposits and loans in the state’s internal bank. The net lending includes both current government operations and temporary occurrences which can be decided on short notice. The net lending affects the net borrowing requirement and central government debt, but are not covered by the Central government expenditure ceiling. | |||||
Outcome Oct. | Forecast Oct. | Dev. Oct. | Acc. Dev² | Outcome 12-month | |
---|---|---|---|---|---|
Net borrowing requirement | -3 092 | -10 301 | 7 209 | 7 209 | -90 160 |
Primary balance³ | 1 957 | -6 883 | 8 840 | 8 840 | -98 940 |
Net lending to agencies etc.4 | -4 963 | -2 906 | -2 057 | -2 057 | -2 530 |
Interest payments on central government debt | -85 | -511 | 426 | 426 | 11 311 |
- Interest on loans in SEK | -687 | -1 140 | 453 | 453 | 12 761 |
- Interest on loans in foreign currency | -81 | -101 | 20 | 20 | -924 |
- Realised currency gains and losses | 683 | 730 | -47 | -47 | -526 |
More data on the borrowing requirement and government debt
Report: Central Government Debt October 2018
The monthly outcome of the central government net borrowing requirement is included in the official statistics of Sweden.