Surplus for Swedish central government in May
(Thomson Reuters ONE) -
Swedish central government payments resulted in a surplus of SEK 36.0 billion in
May. This is SEK 2.3 billion higher than the Debt Office's forecast. Higher than
expected tax income outweighed higher interest payments on central government
debt and larger net lending to government agencies.
Tax income was about SEK 5 billion higher than forecast. The deviation is due to
larger supplementary tax payments.
The Debt Office's net lending to government agencies was SEK 2.0 billion higher
than forecast, mainly due to lower deposits from the Export Credits Guarantee
Board.
Interest payments on central government debt were SEK 1.7 billion higher than
forecast. This is explained by higher interest payments in foreign currencies
and shifts of interest payments between months in SEK.
For the twelve-month period up to the end of May 2016, central government
payments resulted in a surplus of SEK 38.6 billion.
Central government debt amounted to SEK 1,317 billion at the end of May.
The outcome for June will be published on 7 July at 9.30 a.m. On 15 June the
Debt Office will publish a new forecast for the central government net borrowing
requirement and borrowing.
Contact
Tord Arvidsson, Senior Analyst, +46 (0)8 613 47 53
Linda Rudberg, Press Officer, +46 (0)8 613 45 38
+----------------------------------------------------------------------------+
|Central government net borrowing requirement(1) (SEK million) |
+---------------+------------------------------------------------------------+
| | |
| | Acc. Outcome|
| |Outcome May Forecast May Deviation May Dev(2) 12-month|
+---------------+------------------------------------------------------------+
|Net borrowing | |
|requirement | -35 985 -33 670 -2 315 -7 757 -38 640|
+---------------+------------------------------------------------------------+
|Primary | |
|borrowing | |
|requirement | |
|excl. net | |
|lending(3) | -38 093 -32 070 -6 023 -16 924 -53 004|
| | |
|Net lending to | |
|agencies etc. | 835 -1 182 2 018 2 669 1 461|
| | |
|Interest | |
|payments on | |
|central | |
|government debt| 1 273 -417 1 690 6 498 12 903|
+---------------+------------------------------------------------------------+
| - Interest on| |
|loans in SEK | 741 -379 1 120 4 727 13 131|
| | |
| - Interest on| |
|loans in | |
|foreign | |
|currency | 252 -33 285 399 32|
| | |
| - Realised | |
|currency gains | |
|and losses | 280 -5 285 1 372 -260|
+---------------+------------------------------------------------------------+
(1) The net borrowing requirement corresponds to the budget balance with
opposite sign.
(2) Sum of monthly forecast deviations since last forecast (February 2016).
(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 May 2016:
http://hugin.info/133745/R/2018680/749281.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Riksgälden via GlobeNewswire
[HUG#2018680]
Unternehmensinformation / Kurzprofil:
Datum: 08.06.2016 - 09:30 Uhr
Sprache: Deutsch
News-ID 476361
Anzahl Zeichen: 5814
contact information:
Town:
Stockholm
Kategorie:
Business News
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"Surplus for Swedish central government in May"
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