Deficit for Swedish central government in January
0
Swedish central government payments resulted in a deficit of SEK 14.6 billion in
January. The deficit was thus SEK 12.2 billion larger than the Debt Office´s
forecast. The largest differences concern tax reimbursements, the membership fee
to the EU and interest payments on central government debt.
The net of tax payments was SEK 2.5 billion lower than expected, which is
explained by larger reimbursements. The membership fee to the EU was SEK 1.4
billion larger than forecast, which is probably only a shift in payments between
months.
Interest payments on central government debt were SEK 2.2 billion higher than
calculated, due to exchange rate losses.
The remaining deviations from the forecast are explained by larger disbursements
from several government agencies.
For the twelve-month period up to the end of January 2012, central government
payments resulted in a surplus of SEK 23 billion.
Changes in the accounting of central government debt as of January
Central government debt amounted to SEK 1,135 billion at the end of January. As
of January, the Debt Office has implemented certain changes in the reporting of
government debt. The purpose is to achieve greater consistency and transparency
in the accounts. At the present time, the changes mean that the reported debt
becomes somewhat larger, but this effect will fade over time.
Central government debt at the end of December 2011 was SEK 1,158 billion based
on the new accounting. That is SEK 49.9 billion larger than according to the
earlier calculation.
For more information about the changes:
https://www.riksgalden.se/en/press/publications/Government-debt/
An in-depth analysis of the outcome for January will be published on 21 February
at www.riksgalden.se.The outcome for February will be published on 7 March, at
9:30 am.
Further information can be obtained from:
Håkan Carlsson, central government payments, +46 8 613 47 33
Thomas Olofsson, central government debt, +46 8 613 47 82
Sweden´s central government debt January 2012:
http://hugin.info/133745/R/1583192/494882.pdf
Table of the net borrowing requirement:
http://hugin.info/133745/R/1583192/494881.pdf
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Source: Riksgälden via Thomson Reuters ONE
[HUG#1583192]
