Surplus for Swedish central government in February

Swedish central government payments resulted in a surplus of SEK 15.6 billion in February. This was SEK 10.9 billion lower than the Debt Office's forecast. The difference is largely due to shifts in payments between February and March.  

The Debt Office's net lending was SEK 6.1 billion higher than forecast. This is mainly due to on-lending to the Riksbank being carried out in February instead of March. The Swedish capital contribution of SEK 2.5 billion to the European Investment Bank was also disbursed earlier than calculated. Since these payments were made earlier than expected, a corresponding deviation in the opposite direction will occur in March.

Tax income in February was SEK 2.1 billion lower than forecast, which is mainly explained by lower supplementary tax payments.

Interest payments on central government debt were SEK 0.4 billion higher than expected.

For the twelve-month period up to the end of February 2013, central government payments resulted in a deficit of SEK 123.4 billion.

Central government debt amounted to SEK 1,221 billion at the end of February.

The outcome for March will be published on 8 April 2013, at 30 am.

Further information can be obtained from:
Håkan Carlsson, [phone]

CENTRAL GOVERNMENT BORROWING REQUIREMENT (SEK million)				February 2012	February 2013	12 month
Net borrowing requirement				-32 467	-15 645	123 448
Primary borrowing requirement				-31 476	-12 551	101 243
Interest payments				-991	-3 094	22 205
- Interest on loans in SEK				-908	-910	28 816
- Interest on loans in foreign currency				195	84	1 962
- Realised currency gains and losses				-279	-2 267	-8 573

Sweden's Central Government Debt February 2013

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Source: Riksgälden via Thomson Reuters ONE

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