Swedish central government payments resulted in a deficit of SEK 96.6 billion in December. The Debt Office's forecast was a deficit of SEK 82.8 billion. The difference of SEK 13.8 billion is largely due to lower tax income, higher net lending to agencies and higher interest payments on central government debt.
Tax income was SEK 7.7 billion lower than forecast in December. This is mainly due to higher tax reimbursements and lower preliminary corporate tax payments.
The Debt Office's net lending to government agencies was SEK 3.8 billion higher than forecast. This is mainly explained by lower deposits from the Nuclear Waste Fund.
Interest payments on central government debt amounted to SEK 9.6 billion, which was nearly SEK 1 billion higher than estimated.
Budget deficit for the full year 2013
#ftn1, which can be compared with the Debt Office's forecast of SEK 126.3 billion.
The outcome for 2013 was thus essentially in line with our forecast from October. The somewhat higher figure was mainly due to lower tax income. The outcome was also broadly in line with the latest forecasts from NIER, ESV and the government.
The deficit for the full year is mainly due to on-lending to the Riksbank amounting to SEK 103.6 billion.
Central government debt amounted to SEK 1,277 billion at the end of 2013. This can be compared to SEK 1,146 billion one year earlier.
The outcome for January will be published on 7 February 2014, at 9:30 am.
Further information can be obtained from:
Håkan Carlsson, +46 8 613 47 33
Central Government Net Borrowing Requirement (SEK million) | December 2012 | December 2013 | 12-month |
Net borrowing requirement | 79 366 | 96 560 | 131 494 |
Primary borrowing requirement | 71 960 | 86 951 | 115 063 |
Interest payments | 7 406 | 9 609 | 16 432 |
- Interest on loans in SEK | 8 150 | 9 607 | 25 718 |
- Interest on loans in foreign currency | 32 | 240 | 1 059 |
- Realised currency gains and losses | -776 | -238 | -10 345 |
[1]:
#body_ftn1 The outcome is preliminary and may be revised in connection with the Debt Office's annual accounts. Please refer to the Debt Office's annual report 2013 for the final annual outcome.
http://hugin.info/133745/R/1753786/591628.pdf
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Riksgälden via Globenewswire