Large budget surplus and lower debt for the full year 2016
(Thomson Reuters ONE) -
Swedish central government payments resulted in a surplus of SEK 85.3 billion in
2016. The Debt Office's forecast from October was a surplus of SEK 79.7 billion.
The difference is mainly explained by higher tax income.
The surplus of SEK 85.3 billion can be compared with a deficit of SEK 32.7
billion in 2015. The improvement between years is mainly explained by increased
tax income due to a strong development in the economy. The surplus is also
explained by households and companies making excess deposits in tax accounts,
due to the tax account rate being relatively high when compared to other
alternatives.
Central government debt amounted to SEK 1 347 billion at the end of December
which was SEK 56 billion lower than in December 2015 .
Deficit for Swedish central government in December
Swedish central government payments resulted in a deficit of SEK 75.2 billion in
December. The Debt Office's forecast was a deficit of SEK 82.5 billion.
Payments from among other Sida, the National Agency for Education and Swedish
Transport Administration were higher than expected, but at the same time tax
income was approximately SEK 4 billion higher than expected. Taken together, the
primary deficit was SEK 1 billion lower than calculated.
The Debt Office's net lending to government agencies was SEK 4.9 billion lower
than forecast. The deviation is mainly due to higher deposits and lower lending
from the Pension Authority.
Interest payments on central government debt were SEK 1.5 billion lower than
forecast due to foreign exchange gains were SEK 1.1 billion higher than
expected.
The outcome for January will be published on 7 February, at. 09:30 am.
Contact:
Tord Arvidsson, Senior Analyst, +46 (0)8 613 47 53
Robert Sennerdal, Press officer, +46 (0)8 613 46 94
+------------------------------------------------------------------------------+
|Central government net borrowing requirement(1) (SEK million) |
+----------------+-------------------------------------------------------------+
| | Outcome Forecast Deviation Acc. Outcome 12-|
| | Dec. Dec. Dec. Dev(2) month|
| | |
|Net borrowing | 75 219 82 514 -7 295 -5 588 -85 304|
|requirement | |
| | |
|Primary | |
|borrowing | |
|requirement | 41 362 42 312 -950 -3 886 -100 628|
|excl. net | |
|lending(3) | |
| | |
|Net lending to | 29 406 34 293 -4 886 -1 578 13 818|
|agencies etc. | |
| | |
|Interest | |
|payments on | 4 451 5 910 -1 459 -124 1 506|
|central | |
|government debt | |
+----------------+-------------------------------------------------------------+
| - Interest on | 6 580 6 985 -405 -293 3 428|
|loans in SEK | |
| | |
| - Interest on | |
|loans in foreign| 22 -12 34 93 558|
|currency | |
| | |
| - Realised | |
|currency gains | -2 151 -1 063 -1 088 76 -2 480|
|and losses | |
+----------------+-------------------------------------------------------------+
(1) The net borrowing requirement corresponds to the budget balance with
opposite sign.
(2) Sum of monthly forecast deviations since last forecast (October 2016).
(3) Net of the state's primary income and expenditure excluding
net lending to agencies.
(4)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 2016
for the final annual outcome.
More data on the borrowing requirement and government debt:
https://www.riksgalden.se/en/For-investors/Borrowing-and-the-government-debt/
Central Government Debt Dec 2016:
http://hugin.info/133745/R/2069871/777661.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Riksgälden via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 10.01.2017 - 09:30 Uhr
Sprache: Deutsch
News-ID 516629
Anzahl Zeichen: 6207
contact information:
Town:
Stockholm
Kategorie:
Business News
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