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Surplus for Swedish central government in May 2020

Written by Customer Service on . Posted in Public Companies.

Swedish central government payments resulted in a surplus of SEK 10.2 billion in May. The Debt Office’s forecast was a deficit of SEK 17.4 billion. The deviation is mainly due to higher tax income than expected.
The primary balance was SEK 22.8 billion higher than forecasted. Tax income was approximately SEK 25 billion higher than forecasted. Tax income was higher and payments from the tax accounts were lower, to about the same degree. The Debt Office does not yet have enough data to analyse what the difference is due to. Although, the deviation is likely to be at least partially explained by an overestimation of tax deferrals.The payments from the Swedish Agency for Economic and Regional Growth were SEK 3 billion higher than forecasted as a result of higher payments of short-time work supplement than anticipated. In addition, payments from the Legal, Financial and Administrative Services Agency and the EU fee were higher than forecasted.The Debt Office’s net lending to government agencies etc. were SEK 3.9 billion lower than calculated. This was due to a lower lending to The Swedish Transport Administration and Svenska kraftnät and higher deposits of funds from the deposit guarantee scheme.Interest payments on central government debt were SEK 0.9 billion lower than forecasted.For the twelve-month period up to the end of May 2020, central government payments resulted in a deficit of SEK 26.4 billion.Central government debt amounted to SEK 1,129 billion at the end of May.The outcome for June 2020 will be published on 7 July 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 May 2020

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