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Deficit for Swedish central government in June
Press release 7 July 2016
Swedish central government payments resulted in a deficit of SEK 19.6 billion in June. The Debt Office’s forecast was a deficit of SEK 21.3 billion. The difference is mainly due to larger tax income.
Tax income was about SEK 2 billion higher than forecast. It was mainly income from taxes on consumption that developed stronger.
The Debt Office's net lending to government agencies was SEK 0.4 billion higher than forecast, mainly due to larger lending to Svenska Kraftnät.
Interest payments on central government debt amounted to SEK 1.8 billion, which was in line with forecast.
For the twelve-month period up to the end of June 2016, central government payments resulted in a surplus of SEK 52.5 billion.
Central government debt amounted to SEK 1,363 billion at the end of June.
The outcome for July will be published on 5 August 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
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1 The net borrowing requirement corresponds to the budget balance with opposite sign. |
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2 Sum of monthly forecast deviations since last forecast (June 2016). |
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3 Net of the state's primary income and expenditure excluding net lending to agencies. |
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| Outcome June | Forecast June | Dev. June | Acc. Dev2 | Outcome 12-month | |
|---|---|---|---|---|---|
|
Net borrowing requirement |
19 574 |
21 336 |
-1 762 |
-1 762 |
-52 518 |
|
Primary borrowing requirement excl. net lending3 |
23 048 |
25 157 |
-2 109 |
-2 109 |
-64 189 |
|
Net lending to agencies etc. |
-5 220 |
-5 635 |
415 |
415 |
-1 686 |
|
Interest payments on central government debt |
1 745 |
1 814 |
-69 |
-69 |
13 357 |
|
- Interest on loans in SEK |
1 745 |
1 720 |
25 |
25 |
13 513 |
|
- Interest on loans in foreign currency |
21 |
-32 |
53 |
53 |
104 |
|
- Realised currency gains and losses |
-21 |
126 |
-147 |
-147 |
-260 |
Sweden's central government debt June 2016, pdf
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.