Swedish Central Govt. Surplus At SEK9.6 Bln In August

Sep 7, 2007 - The Swedish central government reported a surplus of SEK9.654 billion in August as a result of central government payments, indicating a negative borrowing requirement of SEK9.584 billion, the Swedish National Debt Office or SNDO said Friday. This compares to a SEK4.928 billion borrowing requirement reported in the previous year.

The SNDO expect a borrowing requirement of SEK 0.9 billion.

The SNDO report said, “The deviation is mainly explained by tax income being approximately SEK6 billion larger than expected. In addition, the Premium Pension Authority has made a deposit of SEK 4 billion in their account at the Debt Office.”

Interest payments on central government debt were SEK 7.1 billion in August, which is SEK 0.6 billion higher than expected. The borrowing requirement for the twelve-month period to the end of August was minus SEK105.5 billion.

The central government debt came in at SEK 1,173 billion at the end of August.