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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.

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

Sweden's Central Government Debt June 2014

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Source: Riksgälden via Globenewswire



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