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Surplus for Swedish central government in July 2019
Press release 7 August 2019
Swedish central government payments resulted in a surplus of SEK 28.2 billion in July. The Debt Office's forecast was a surplus of SEK 34.6 billion. The surplus in July is largely due to the Riksbank, as planned, repaying loans in foreign currency corresponding to SEK 22.8 billion to the Debt Office.
The primary balance was SEK 6.7 billion lower than calculated. The main explanation is that tax income were approximately SEK 6 billion lower than forecast, mainly due to higher payments from the tax account than expected.
The Debt Office’s net lending to government agencies etc. was SEK 1.1 billion lower than calculated.
Interest payments on central government debt were SEK 0.8 billion higher than calculated.
For the twelve-month period up to the end of July 2019, central government payments resulted in a surplus of SEK 98.7 billion.
Central government debt amounted to SEK 1 074 billion at the end of July.
The outcome for August 2019 will be published on 6 September at 9.30 a.m.
Contact
Tord Arvidsson, Analyst +46 (0)8 613 47 53
Press Secretary, +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 (June 2019). | |||||
| 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 July | Forecast July | Dev. July | Acc. Dev.² | Outcome 12-month | |
|---|---|---|---|---|---|
| Net borrowing requirement | -28 221 | -34 603 | 6 382 | 5 691 | -98 709 |
| Primary balance³ | -432 | -7 130 | 6 698 | 4 374 | -76 246 |
| Net lending to agencies etc.4 | -28 446 | -27 319 | -1 127 | 1 015 | -43 458 |
| Interest payments on central government debt | 657 | -154 | 811 | 302 | 20 995 |
| - Interest on loans in SEK | 447 | -131 | 578 | 935 | 16 335 |
| - Interest on loans in foreign currency | -20 | -35 | 15 | -14 | -433 |
| - Realised currency gains and losses | 230 | 12 | 218 | -619 | 5 092 |
Report: Sweden's Central Government Debt July 2019
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.