Surplus for Swedish central government in July 2021

Sureplus for Swedish central government in July2021

Swedish central government payments resulted in a surplusof SEK 8.1 billion inJuly. The Debt Office's forecastwas a deficit of SEK 6.3 billion.Central government tax income were higher than expected while disbursements from government agencies were lower.

The primary balance was SEK 16.5 billion higher than the forecast. This is due to the fact that tax revenues were approximately SEK 9 billion higher than estimated, while disbursements from a number of agencies were lower than estimated.

The Debt Office’s net lending to government agencies etc. was SEK 1.8 billion higher than forecasted.

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

For the twelve-month period up to the end of July 2021, central government payments resulted in a deficit of SEK 56.3 billion.

Central government debt amounted to SEK 1 214 billion at the end of July.

The outcome for August 2021 will be published on September 7 at 9.30 a.m.

The preliminary date for publishing new forecasts for 2021–2023 is October 27.

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Budget balance and central government net borrowing requirement1 (SEK million)
	Outcome	Forecast	Deviation	Acc. Dev2	Outcome 12-month
Budget balance	8 123	-6 305	14 428	15 688	-56 302
Net borrowingrequirement1	-8 123	6 305	-14 428	-15 688	56 302
Primary balance3	-5 432	11 096	-16 528	-12 464	62 028
Net lending to agencies etc.4	-2 624	-4 375	1 750	-2 842	-19 150
Interest payments on central government debt	-66	-417	350	-381	13 424
- Interest on loans in SEK	-225	-415	190	-386	14 512
- Interest on loans in foreign currency	-50	-48	-3	-25	-681
- Realised currency gains and losses	209	46	163	30	-408
1 The net borrowing requirement corresponds to the budget balance with opposite sign.
2 Sum of monthly forecast deviations since last forecast.
3 Net of the state's primary expenditure and income.
4 The net of government agencies etc. deposits and loans in the state’s internal bank. The net lending includes
both current government operations and temporary occurrences which can be decided on short notice. The net
lending affects the net borrowing requirement and central government debt, but is not covered by the
Central government expenditure ceiling.

The report Central Government Debt July 2021 is attached below.

More data on the borrowing requirement and government debt: https://www.riksgalden.se/en/statistics/statistics-on-central-government-borrowing/

The monthly outcome of the central government net borrowing requirement is included in the official statistics of Sweden.

The Debt Office published their latest forecast on the Swedish economy and central government borrowing on 27 May: Forecast and analysis 2021:2

Attachment

• Report: Central Government Debt July 2021

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