Deficit for Swedish central government in June
July 7, 2014 - London
Swedish central government payments resulted in a deficit of SEK 29.1 billion in June. The Debt Office's forecast was a deficit of SEK 34.7 billion. The difference of SEK 5.6 billion is mainly due to higher tax income.
The central government's primary borrowing requirement, excluding net lending, was SEK 4.7 billion lower than forecast. The main reason is that tax income was SEK 4.2 billion higher than calculated.
The Debt Office's net lending to government agencies was SEK 1.2 billion lower than forecast, which is explained by larger deposits from a few agencies.
Interest payments on central government debt were SEK 0.2 billion higher than forecast.
For the twelve-month period up to the end of June 2014, central government payments resulted in a deficit of SEK 47.8 billion.
Central government debt amounted to SEK 1,255 billion at the end of June.
|CENTRAL GOVERNMENT NET BORROWING||June||June||12-mth|
|REQUIREMENT (SEK million)||2013||2014|
|Net borrowing requirement||6,393||29,109||47,751|
|Primary borrowing requirement excl. net lending||19,278||32,414||34,620|
|Net lendning to agencies etc.||-14,927||-4,734||4,025|
|Interest payments on central government debt||2,043||1,429||9,106|
|- Interest on loans in SEK||2,666||757||17,421|
|- Interest on loans in foreign currency||93||492||1,851|
|- Realised currency gains and losses||-716||180||-10,166|
The outcome for July will be published on 7 August 2014, at 9:30 am.
Further information can be obtained from:
Tord Arvidsson, +46 70 337 47 53
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