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Surplus for Swedish central government in August

September 5, 2014

Swedish central government payments resulted in a surplus of SEK 11.7 billion in August. The Debt Office's forecast was a surplus of SEK 7.4 billion. The deviation of SEK 4.2 billion is mainly due to higher tax income and somewhat lower net lending to agencies. The central government's primary borrowing requirement, excluding net lending, was SEK 4.0 billion lower than forecast. The main reason is that tax income was SEK 3.5 billion higher than calculated. The Debt Office's net lending to government agencies was SEK 0.7 billion lower than forecast. This is explained by somewhat larger deposits from a few agencies. Interest payments on central government debt amounted to SEK 4.0 billion, which was SEK 0.5 billion higher than forecast. During the period June to August, the net borrowing requirement has been SEK18.1 billion lower than the Debt Office's forecast. This is mainly due to tax income being almost SEK 12 billion higher than estimated. The Debt Office estimates that tax income will be lower than forecast in the coming months, but the outcome still indicates that the net borrowing requirement for the full year 2014 may be somewhat lower than the Debt Office's latest forecast. For the twelve-month period up to the end of August 2014, central government payments resulted in a deficit of SEK 30.3 billion. Central government debt amounted to SEK 1,261 billion at the end of August. The outcome for September will be published on 7 October 2014, at 9:30 am. Further information can be obtained from: Tord Arvidsson, +46 8 613 47 53 +----------------------------------+-------------------------------------------+ |CENTRAL GOVERNMENT NET BORROWING |Outcome Forecast Deviation Acc. Outcome| | | | |REQUIREMENT, (SEK billion) | Aug Aug Aug dev.(1) 12-month| +----------------------------------+-------------------------------------------+ |Net borrowing requirement | -11.7 -7.4 -4.2 -18.1 30.3| +----------------------------------+-------------------------------------------+ |Primary borrowing requirement | | |excl. net lending | -12.0 -8.0 -4.0 -14.8 29.6| | | | |Net lending to agencies etc. | -3.7 -3.0 -0.7 -3.6 -8.4| | | | |Interest payments on central | | |government debt | 4.0 3.5 0.5 0.3 9.1| +----------------------------------+-------------------------------------------+ |  - Interest on loans in SEK | 3.6 3.3 0.3 -0.7 15.7| | | | |  - Interest on loans in foreign | | |currency | 0.1 0.1 0.0 0.6 1.8| | | | |  - Realized currency gains and | | |losses | 0.3 0.2 0.1 0.5 -8.5| +----------------------------------+-------------------------------------------+ (1) Sum of monthly forecast deviations since the latest forecast, June 2014. Sweden's Central Government Debt August 2014: http://hugin.info/133745/R/1853779/648189.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#1853779]


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