Swedish central government payments resulted in a deficit of SEK 17.3 billion in June. The Debt Office's forecast was a deficit of SEK 18.9 billion. The difference was mainly due to lower net lending to government agencies.
The central government's primary balance was SEK 0.7 billion lower than forecast. This was mainly due to tax income being approximately SEK 1 billion lower than estimated.
The Debt Office's net lending to government agencies etc. was SEK 2.2 billion lower than calculated. This is mainly explained by higher deposits from among others the Nuclear Waste Fund.
Interest payments on central government debt amounted to SEK 3.2 billion which was SEK 0.1 billion lower than forecast.
For the twelve-month period up to the end of June 2018, central government payments resulted in a surplus of SEK 83.8 billion.
Central government debt amounted to SEK 1,231 billion at the end of June.
The outcome for July will be published on 7 August at 9.30 a.m.
Contact
Håkan Carlsson, Analyst +46 (0)8 613 47 33
| Central government net borrowing requirement1 (SEK million) | |||||
| Outcome June | Forecast June | Deviation June | Acc. Dev2 | Outcome 12-month | |
| Net borrowing requirement | 17 275 | 18 900 | -1 625 | -1 625 | -83 825 |
| Primary balance3 | 21 624 | 20 966 | 658 | 658 | -95 123 |
| Net lending to agencies etc.4 | -7 476 | -5 315 | -2 161 | -2 161 | 2 585 |
| Interest payments on central government debt | 3 127 | 3 249 | -122 | -122 | 8 713 |
| - Interest on loans in SEK | 4 259 | 4 071 | 188 | 188 | 12 449 |
| - Interest on loans in foreign currency | -8 | -12 | 4 | 4 | -912 |
| - Realised currency gains and losses | -1 123 | -810 | -313 | -313 | -2 824 |
| 1 The net borrowing requirement corresponds to the budget balance with opposite sign. | |||||
| 2 Sum of monthly forecast deviations since last forecast (June 2018). | |||||
| 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.
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