Deficit for Swedish central government in July
(Thomson Reuters ONE) -
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 +46 (0)8 613 46 61
Press Contact, +46 (0)8 613 47 01
+------------------------------------------------------------------------------+
|Central government net borrowing requirement(1) (SEK million) |
+----------------+-------------------------------------------------------------+
| | Outcome Forecast Deviation Acc. Outcome 12-|
| | July. July. July. Dev(2) month|
| | |
|Net borrowing | 10 096 1 961 8 135 3 611 -39 947|
|requirement | |
| | |
|Primary | |
|borrowing | |
|requirement | -11 491 6 587 -18 078 -17 976 -75 239|
|excl. net | |
|lending(3) | |
| | |
|Net lending to | 22 114 -4 220 26 334 21 828 29 611|
|agencies etc. | |
| | |
|Interest | |
|payments on | -528 -406 -122 -241 5 681|
|central | |
|government debt | |
+----------------+-------------------------------------------------------------+
| - Interest on | -437 -642 205 -295 7 072|
|loans in SEK | |
| | |
| - Interest on | |
|loans in foreign| -20 -8 -12 8 -14|
|currency | |
| | |
| - Realised | |
|currency gains | -70 244 -314 45 -1 377|
|and losses | |
+----------------+-------------------------------------------------------------+
(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
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: 07.08.2017 - 09:30 Uhr
Sprache: Deutsch
News-ID 555459
Anzahl Zeichen: 5358
contact information:
Town:
Stockholm
Kategorie:
Business News
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"Deficit for Swedish central government in July"
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