Central government payments gave a surplus in November
(Thomson Reuters ONE) -
Swedish central government payments resulted in a surplus of SEK 5.5 billion in
November, which is SEK 13.8 billion lower than the Debt Office´s latest
forecast. The difference is mainly explained by displacements of payments
between months within the Debt Office's net lending and will thus not affect the
full-year figure.
Payments to central government agencies were SEK 2.9 billion lower than
expected. The larger part of the difference is explained by displacements of
payments between months and will therefore not affect the annual forecast. Tax
income was SEK 1 billion lower than forecast.
The Debt Office's net lending was SEK 9.4 billion higher than forecast. This is
explained by the fact that payments made by government agencies as a result of
repo transactions* were SEK 8.2 billion higher than expected. Other differences
between outcome and forecast are mainly due to higher net lending to some
agencies.
Interest payments on central government debt were SEK 0.5 billion higher than
calculated.
For the twelve-month period up to the end of November 2011, central government
payments resulted in a surplus of SEK 61 billion. Central government debt
amounted to SEK 1,036 billion at the end of November.
The outcome for December will be published at 9:30 am on 10 January 2012.
Further information can be obtained from:
Sofia Olsson, phone +46 8 613 47 30
* Repo transactions by government agencies mean that they sell government
securities with a repurchase agreement. The payment of the repos must be
deposited in an account at the Debt Office. If the total volume of outstanding
repos changes during the month compared to the previous turn of the month it
will affect the outcome of the borrowing requirement. We make forecasts of the
repo transactions on the basis of the information we receive from the government
agencies. However, the forecasts are very uncertain since the government
agencies may alter their plans on a short notice.
Table of the net borrowing requirement and central government debt:
http://hugin.info/133745/R/1569538/487945.pdf
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Source: Riksgälden via Thomson Reuters ONE
[HUG#1569538]
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Datum: 07.12.2011 - 09:30 Uhr
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