Surplus for Swedish central government in September
Swedish central government payments resulted in a surplus of SEK 28.3 billion in September. The Debt Office's forecast was a deficit of SEK 6.2 billion. The difference of SEK 34.5 billion is largely due to the government selling shares in Nordea. In addition, on-lending to the Riksbank decreased and tax income was higher than expected.
The government sold all of its remaining shares in Nordea Bank for SEK 21.6 billion in September. The sales income was not included in the Debt Office's forecast.
The Debt Office's on-lending to the Riksbank decreased by just over SEK 9 billion during the month. This is explained entirely by the fact that on-lending to the Riksbank, which according to the forecast should have been refinanced in September, was refinanced already in August. The remainder of the deviation from the forecast is mainly due to higher tax income.
Interest payments on central government debt were SEK 0.6 billion higher than forecast.
For the twelve-month period up to the end of September 2013, central government payments resulted in a deficit of SEK 126.0 billion.
Central government debt amounted to SEK 1,200 billion at the end of September.
The outcome for October will be published on 7 November 2013, at 9:30 am.
Further information can be obtained from:
Håkan Carlsson, +46 8 613 47 33
Central Government Net Borrowing|
Requirement (SEK million)
|Net borrowing requirement||-2 796||-28 292||125 969|
|Primary borrowing requirement||17||-27 317||104 782|
|Interest payments||-2 814||-975||21 186|
|- Interest on loans in SEK||-1 911||-786||31 101|
|- Interest on loans in foreign currency||174||33||964|
|- Realised currency gains and losses||-1 077||-223||-10 879|
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(i) the releases contained herein are protected by copyright and other applicable laws; and
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Source: Riksgälden via Thomson Reuters ONE
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