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 a.m.
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) | ||||||
| Outcome March | Forecast March | Deviation March | Acc. Dev2 | Outcome 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 | |
| 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. | ||||||
More data on the borrowing requirement and government debt:
https://www.riksgalden.se/en/For-investors/Borrowing-and-the-government-debt/
The monthly outcome of the central government net borrowing requirement is included in the official statistics of Sweden.
Sweden`s central government debt March 2016
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Riksgälden via GlobeNewswire
HUG#2001202