Swedish central government payments resulted in a deficit of SEK 2.6 billion in April. The Debt Office's forecast was a surplus of SEK 1.5 billion. The difference is mainly explained by lower income from tax than expected.
The primary balance was SEK 4.1 billion lower than calculated. Tax income were approximately SEK 6 billion lower than expected. At the same time, the EU fee was lower than expected.
The Debt Office's net lending to government agencies etc. was SEK 0.2 billion lower than calculated.
Interest payments on central government debt were SEK 0.1 billion higher than calculated.
For the twelve-month period up to the end of April 2019, central government payments resulted in a surplus of SEK 80.2 billion.
Central government debt amounted to SEK 1 141 billion at the end of April.
The outcome for May 2019 will be published on 10 June at 9.30 a.m.
Contact
Sofia Nilsson, Economist +46 (0)8 613 47 34
Press Secretary, +46 (0)8 613 47 01
| Central government net borrowing requirement1 (SEK million) | |||||
| Outcome April | Forecast April | Deviation April | Acc. Dev2 | Outcome 12-month | |
| Net borrowing requirement | 2 581 | -1 515 | 4 096 | -8 360 | -80 168 |
| Primary balance3 | 3 210 | -935 | 4 146 | -5 644 | -90 619 |
| Net lending to agencies etc.4 | -2 676 | -2 478 | -197 | -3 911 | -5 345 |
| Interest payments on central government debt | 2 047 | 1 899 | 148 | 1 195 | 15 796 |
| - Interest on loans in SEK | -1 408 | 1 936 | -3 344 | -3 132 | 12 352 |
| - Interest on loans in foreign currency | -195 | -72 | -123 | -164 | -380 |
| - Realised currency gains and losses | 3 650 | 35 | 3 615 | 4 491 | 3 823 |
| 1 The net borrowing requirement corresponds to the budget balance with opposite sign. | |||||
| 2 Sum of monthly forecast deviations since last forecast (February 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. | |||||
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.
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
