Swedish central government payments resulted in a surplus of SEK 34.1 billion in November. The Debt Office's forecast was a surplus of SEK 43.2 billion. The difference is mainly due to the Debt Office's net lending to government agencies were higher than expected.
Disbursements from agencies were SEK 2 billion higher than expected. This is partly explained by government grants to local governments to increase homebuilding. Tax income was in line with the Debt Office's forecast.
The Debt Office's net lending to government agencies was SEK 5.5 billion higher than calculated. This was largely due to higher lending to the Pension Authority. This is considered temporary and the borrowing requirement is expected to decrease in December.
Interest payments on central government debt were SEK 1.3 billion higher than calculated, which was largely due to exchange losses.
For the twelve-month period up to the end of November 2016, central government payments resulted in a surplus of SEK 62.1 billion.
Central government debt amounted to SEK 1,336 billion at the end of November.
The outcome for December will be published on 10 January at 9.30 a.m.
Contact
Tord Arvidsson, Senior Analyst +46 (0)8 613 47 53 Robert Sennerdal, Press Secretary, +46 (0)8 613 46 94
| Central government net borrowing requirement 1 (SEK million) | |||||
| Outcome Nov. | Forecast Nov. | Deviation Nov. | Acc. Dev 2 | Outcome 12-month | |
| Net borrowing requirement | -34 095 | -43 165 | 9 070 | 1 707 | -62 066 |
| Primary borrowing requirement excl. net lending 3 | -19 942 | -22 216 | 2 274 | -2 936 | -82 507 |
| Net lending to agencies etc. | -14 966 | -20 494 | 5 528 | 3 308 | 9 763 |
| Interest payments on central government debt | 812 | -456 | 1 268 | 1 335 | 10 678 |
| - Interest on loans in SEK | -142 | -390 | 248 | 112 | 11 054 |
| - Interest on loans in foreign currency | -21 | -47 | 26 | 59 | 522 |
| - Realised currency gains and losses | 975 | -19 | 994 | 1 164 | -899 |
| 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. | |||||
More data on the borrowing requirement and government debt:
https://www.riksgalden.se/en/For-investors/Bo...ment-debt/
The monthly outcome of the central government net borrowing requirement is included in the official statistics of Sweden.
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