Skip to main content

Deficit for Swedish central government in July 2020

Written by Customer Service on . Posted in Public Companies.

Deficit for Swedish central government in July 2020Swedish central government payments resulted in a deficit of SEK 34.4 billion in July. The Debt Office’s forecast was a deficit of SEK 58.7 billion. The deviation is largely due to higher tax income than forecasted.The primary balance was SEK 22.9 billion higher than forecasted. The difference can to a large extent be explained by tax income being approximately SEK 25 billion higher than estimated. Payments of corporate income tax were higher than expected in July. At the same time, payments from tax accounts were around SEK 16 billion lower than forecasted.The payments from the Swedish Agency for Economic and Regional Growth were around SEK 9 billion lower than forecasted in July as a result of the agency’s responsibility for processing the allowances for short-time work. At the same time, payments to local governments were SEK 21 billion higher than forecasted. The higher payments to local governments was largely a redistribution between months. Approximately SEK 15 billion of these payments were forecasted to take place during other months in 2020. The payments from some other agencies were lower than forecasted.The Debt Office’s net lending to government agencies etc. were approximately SEK 0.8 billion lower than forecasted.Interest payments on central government debt were SEK 0.5 billion lower than forecasted.For the twelve-month period up to the end of July 2020, central government payments resulted in a deficit of SEK 120.7 billion.Central government debt amounted to SEK 1 186 billion at the end of July.The outcome for August 2020 will be published on 7 September at 9.30 a.m.ContactPress Secretary, +46 (0)8 613 47 01More 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 prognosis on the Swedish economy and central government borrowing on 19 May: Central Government borrowing 2020:2. AttachmentSweden’s central government debt July 2020

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.