News Column

Deficit for Swedish central government in July

August 7, 2014

Swedish central government payments resulted in a deficit of SEK 3.8 billion in July. The Debt Office's forecast was a deficit of SEK 12.0 billion. The difference of SEK 8.2 billion is mainly due to higher tax income and ceased on- lending to Iceland. The central government's primary borrowing requirement, excluding net lending, was SEK 6.1 billion lower than forecast. The main reason is that tax income was approximately SEK 4 billion higher than calculated. The remaining part of the forecast deviation is due to lower payments by a number of government agencies. The Debt Office's net lending to government agencies was SEK 1.7 billion lower than forecast. Almost the entire deviation is explained by the fact that Iceland has made an early repayment of its remaining loan of EUR 205 million, equivalent to SEK 1.9 billion. Interest payments on central government debt were SEK 0.4 billion lower than forecast. For the twelve-month period up to the end of July 2014, central government payments resulted in a deficit of SEK 42.6 billion. Central government debt amounted to SEK 1,258 billion at the end of July. The outcome for August will be published on 5 September 2014, at 9:30 am. Further information can be obtained from: Johan Sandberg, +46 8 613 47 37 +-------------------------------------------------+----------------------------+ | CENTRAL GOVERNMENT NET BORROWING | July July 12-month | | | | | REQUIREMENT, (SEK million) | 2013 2014   | +-------------------------------------------------+----------------------------+ | Net borrowing requirement | 8 908 3 771 42 614 | +-------------------------------------------------+----------------------------+ | Primary borrowing requirement excl. net lending | 11 985 7 713 30 348 | | | | | Net lendning to agencies etc. | -3 233 -5 386 1 872 | | | | | Interest payments on central government debt | 156 1 444 10 394 | +-------------------------------------------------+----------------------------+ |   - Interest on loans in SEK | 471 699 17 649 | | | | |   - Interest on loans in foreign currency | 40 99 1 910 | | | | |   - Realised currency gains and losses | -354 646 -9 166 | +-------------------------------------------------+----------------------------+ Sweden's Central Goverment Debt July 2014: http://hugin.info/133745/R/1846937/643987.pdf This announcement is distributed by GlobeNewswire on behalf of GlobeNewswire clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: RiksgÄlden via GlobeNewswire [HUG#1846937]


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Source: Thomson Reuters ONE


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