Deficit for Swedish central government in December
(Thomson Reuters ONE) -
Swedish central government payments resulted in a deficit of SEK 100.7 billion
in December. The Debt Office's forecast was a deficit of SEK 88.5 billion. The
difference is mainly due to larger disbursements from a number of agencies and
lower tax income.
The central government's primary borrowing requirement, excluding net lending,
was SEK 13.7 billion higher than forecast. Tax income was SEK 4.8 billion lower
than calculated. In addition, disbursements from government agencies were SEK
5.7 billion higher than forecast, while the Swedish contribution to the EU was
SEK 3.2 billion higher.
The Debt Office's net lending to government agencies was SEK 1.3 billion lower
than forecast. This is mainly explained by larger deposits from the Swedish
Export Credits Guarantee Board and the Nuclear Waste Fund.
Interest payments on central government debt amounted to SEK 8.0 billion, which
was SEK 0.1 billion lower than calculated.
Budget deficit for the full year 2014
For the full year 2014 the deficit was SEK 72.2 billion[1], which can be
compared with SEK 131 billion in 2013. The decrease between the years is mainly
due to on-lending to the Riksbank, Iceland and Ireland increasing by more than
SEK100 billion in 2013, while being almost unchanged in 2014.
Central government debt amounted to SEK 1,394 billion at the end of 2014. This
can be compared to SEK 1,277 billion one year earlier.
General and detailed information on central government borrowing and debt is
reported on the Debt Office's website: https://www.riksgalden.se/en/For-
investors/Borrowing-and-the-government-debt/
The outcome for January will be published on 6 February 2015, at 9:30 am.
Further information can be obtained from:
Håkan Carlsson, analyst, +46 8 613 47 33
+----------------------------------+-------------------------------------------+
|CENTRAL GOVERNMENT NET BORROWING | |
|REQUIREMENT |Outcome Forecast Deviation Acc. Outcome|
|(SEK million) | Dec Dec Dec dev.(1) 12-month|
+----------------------------------+-------------------------------------------+
|Net borrowing requirement |100 724 88 480 12 244 12 244 72 202|
+----------------------------------+-------------------------------------------+
|Primary borrowing requirement | |
|excl. net lending | 62 266 48 539 13 726 13 726 46 755|
| | |
|Net lending to agencies etc. | 30 421 31 759 -1 338 -1 338 22 249|
| | |
|Interest payments on central | |
|government debt | 8 037 8 182 -145 -145 3 198|
+----------------------------------+-------------------------------------------+
| - Interest on loans in SEK | 7 564 8 182 -618 -618 6 609|
| | |
| - Interest on loans in foreign | |
|currency | 26 -16 42 42 1 608|
| | |
| - Realised currency gains and | |
|losses | 447 15 432 432 -5 019|
+----------------------------------+-------------------------------------------+
(1) Sum of monthly forecast deviations since the latest forecast, December
2014.
--------------------------------------------------------------------------------
[1] The outcome is preliminary and may be revised in connection with the Debt
Office's annual accounts. Please refer to the Debt Office's annual report 2014
for the final annual outcome.
Sweden's Central Government Debt December 2014:
http://hugin.info/133745/R/1885799/666615.pdf
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Source: Riksgälden via GlobeNewswire
[HUG#1885799]
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Datum: 12.01.2015 - 09:30 Uhr
Sprache: Deutsch
News-ID 363591
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