Deficit for Swedish central government in January
(Thomson Reuters ONE) -
Swedish central government payments resulted in a deficit of SEK 12.4 billion in
January. The Debt Office's forecast was a surplus of SEK 2.7 billion. The
difference of SEK 15.1 billion is explained by lower tax income, higher net
lending to government agencies and higher interest payments on central
government debt.
The central government's primary borrowing requirement, excluding net lending,
was SEK 6.1 billion higher than forecast. Tax income was SEK 8 billion lower
than calculated, which is mainly due to lower payments of supplementary taxes.
The Debt Office considers that this is largely a redistribution of payments
between months.
The Debt Office's net lending to government agencies was SEK 7.1 billion higher
than forecast. The deviation is explained by the Swedish Pensions Agency
withdrawing SEK 6 billion from its account at the Debt Office to buy interest-
bearing securities. This effect is considered to be temporary.
Interest payments on central government debt were SEK 1.9 billion higher than
calculated, which is due to higher exchange rate losses.
For the twelve-month period up to the end of January 2015, central government
payments resulted in a deficit of SEK 58.3 billion.
Central government debt amounted to SEK 1,396 billion at the end of January
2015.
New forecasts for 2015 and 2016 will be published in "Central Government
Borrowing - forecast and analysis 2015:1" on 19 February, at 9.30 am.
The outcome for February will be published on 6 March, at 9:30 am.
Further information can be obtained from:
Tord Arvidsson, analyst, +46 8 613 47 53
+------------------------------------------------------------------------------+
|Central government net borrowing requirement (SEK million) |
+-------------------------+----------------------------------------------------+
| |Outcome Forecast Jan Deviation Jan Acc. Outcome|
| | Jan dev. (1)) 12-mth|
+-------------------------+----------------------------------------------------+
|Net borrowing requirement| 12 440 -2 709 15 149 27 393 58 320|
+-------------------------+----------------------------------------------------+
|Primary borrowing | |
|requirement excl. net | 6 289 145 6 144 19 870 43 573|
|lending | |
| | |
|Net lending to agencies | 7 671 531 7 140 5 803 10 419|
|etc. | |
| | |
|Interest payments on | -1 520 -3 385 1 865 1 720 4 328|
|central government debt | |
+-------------------------+----------------------------------------------------+
| - Interest on loans in | -2 865 -3 072 207 -411 5 893|
|SEK | |
| | |
| - Interest on loans in | 32 47 -16 26 1 604|
|foreign currency | |
| | |
| - Realised currency | 1 314 -360 1 674 2 105 -3 170|
|gains and losses | |
+-------------------------+----------------------------------------------------+
(1) )Sum of monthly forecast deviations since the latest forecast (December
2014)
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/
Sweden's Central Government Debt January 2015:
http://hugin.info/133745/R/1892366/670279.pdf
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Source: Riksgälden via GlobeNewswire
[HUG#1892366]
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Datum: 06.02.2015 - 09:30 Uhr
Sprache: Deutsch
News-ID 369710
Anzahl Zeichen: 5141
contact information:
Town:
Stockholm
Kategorie:
Business News
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"Deficit for Swedish central government in January"
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