Swedish central government payments resulted in a surplus of SEK 7.0 billion in April. The Debt Office`s forecast was a surplus of SEK 4.2 billion. The difference is mainly due to higher tax income and lower interest payments on central government debt.
The central government`s primary borrowing requirement, excluding net lending, was SEK 0.9 billion lower than forecast. Tax income was approximately SEK 3 billion higher than estimated. This was partly counteracted by larger disbursements, mainly the contribution to the EU.
The Debt Office`s net lending to government agencies was SEK 0.6 billion higher than forecast, which is mainly due to lower deposits from the Swedish Pensions Agency.
Interest payments on central government debt were SEK 2.5 billion lower than calculated. This is mainly due to lower capital losses related to switch auctions in inflation-linked bonds, since the demand for switching SGB IL 3104 for SGB IL 3111 was lower than expected.
For the twelve-month period up to the end of April 2015, central government payments resulted in a deficit of SEK 66.4 billion.
Central government debt amounted to SEK 1,375 billion at the end of April 2015.
The outcome for May will be published on 5 June 2015, at 9:30 am.
Further information can be obtained from:
Håkan Carlsson, analyst, +46 8 613 47 33
| CENTRAL GOVERNMENT NET BORROWING | Outcome | Forecast | Deviation | Acc. | Outcome |
| REQUIREMENT, (SEK million) | Apr | Apr | Apr | dev.1 | 12-month |
| Net borrowing requirement | -6 952 | -4 158 | -2 794 | 7 421 | 66 398 |
| Primary borrowing requirement excl. net lending | -3 682 | -2 793 | -889 | 4 794 | 40 607 |
| Net lending to agencies etc. | -4 301 | -4 917 | 616 | 4 634 | 15 192 |
| Interest payments on central government debt | 1 032 | 3 553 | -2 521 | -2 007 | 10 599 |
| - Interest on loans in SEK | -292 | 2 941 | -3 233 | -2 665 | 4 135 |
| - Interest on loans in foreign currency | -173 | 40 | -213 | -636 | 703 |
| - Realised currency gains and losses | 1 497 | 571 | 926 | 1 294 | 5 762 |
| 1 Sum of monthly forecast deviations since the latest forecast, February 2015. | |||||
General and detailed information on central government borrowing and debt is reported on the Debt Office`s website: https://www.riksgalden.se/en/For-investors/Borrowing-and-the-government-debt/
Sweden`s Central Government Debt April 2015
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Source: Riksgälden via GlobeNewswire
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