Riksgälden: Deficit for Swedish central government in July

Swedish central government payments resulted in a deficit of SEK 10.1 billion in July. The Debt Office's forecast was a deficit of SEK 2.0 billion. The difference is due to higher net lending to government agencies, which to some extent was offset by a lower than expected primary borrowing requirement.

The Debt Office's net lending to government agencies was SEK 26.3 billion higher than calculated. This is explained by SEK 22.8 billion net lending to the Riksbank, the Swedish central bank. At the same time, the primary borrowing requirement was SEK 18.0 billion lower than expected. This is mainly due to tax income being higher than expected.

Other central government payments were in line with the forecast.

For the twelve-month period up to the end of July 2017, central government payments resulted in a surplus of SEK 40.0 billion.

Central government debt amounted to SEK 1,330 billion at the end of July.

The outcome for July will be published on 7 September at 9.30 a.m.

Contact

Mårten Bjellerup, Senior Analyst [phone]
Press Contact, [phone]

Central government net borrowing requirement1 (SEK million)
	Outcome July.	Forecast July.	Deviation July.	Acc.  Dev2	Outcome 12-month
Net borrowing requirement	10 096	1 961	8 135	3 611	-39 947
Primary borrowing requirement excl. net lending3	-11 491	6 587	-18 078	-17 976	-75 239
Net lending to agencies etc.	22 114	-4 220	26 334	21 828	29 611
Interest payments on central government debt	-528	-406	-122	-241	5 681
- Interest on loans in SEK	-437	-642	205	-295	7 072
- Interest on loans in foreign currency	-20	-8	-12	8	-14
- Realised currency gains and losses	-70	244	-314	45	-1 377
1 The net borrowing requirement corresponds to the budget balance with opposite sign.
2 Sum of monthly forecast deviations since last forecast (June  2017).
3 Net of the state's primary income and expenditure excluding net lending to agencies.

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.

Sweden's Central Government Debt July 2017 (http://hugin.info/133745/R/2125690/811365.pdf)

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Source: Riksgälden via Globenewswire