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Increased tax income decreases net borrowing requirement
Press release 5 June 2015
Swedish central government payments resulted in a surplus of SEK 20.3 billion in May. The Debt Office’s forecast was a surplus of SEK 16.4 billion. The difference is mainly due to higher tax income.
The central government’s primary borrowing requirement, excluding net lending, was SEK 5.2 billion lower than forecast. This is mainly explained by higher tax income than calculated.
The Debt Office's net lending to government agencies was SEK 1.4 billion higher than forecast, which is mainly due to lower deposits from the Swedish Pensions Agency.
Interest payments on central government debt amounted to SEK 4.0 billion, which was SEK 0.1 billion lower than forecast.
For the twelve-month period up to the end of May 2015, central government payments resulted in a deficit of SEK 75.1 billion.
Central government debt amounted to SEK 1,364 billion at the end of May 2015.
The outcome for June will be published on 7 July 2015, at 9:30 am.
Further information can be obtained from:
Håkan Carlsson, analyst, +46 8 613 47 33
| Outcome May |
Forecast May | Deviation May | Acc. dev. 1) |
Outcome 12-mth |
|
| Net borrowing requirement | -20 269 | -16 365 | -3 904 | 3 517 | 75 065 |
| Primary borrowing requirement excl. net lending | -29 366 | -24 188 | -5 178 | -384 | 39 364 |
| Net lending to agencies etc. | 5 116 | 3 701 | 1 415 | 6 049 | 18 358 |
| Interest payments on central government debt | 3 981 | 4 122 | -141 | -2 148 | 17 344 |
| - Interest on loans in SEK | 2 739 | 3 808 | -1 069 | -3 734 | 3 322 |
| - Interest on loans in foreign currency | 263 | 150 | 113 | -524 | 628 |
| - Realised currency gains and losses | 979 | 165 | 815 | 2 109 | 13 394 |
| 1) Sum of monthly forecast deviations since last forecast (February 2015) | |||||
Sweden's Central Government Debt May 2015, pdf
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/