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Swedish government payments unexpectedly in deficit in June


 




Thursday, 07 July 2011
Swedish government payments resulted in a deficit of Skr20.4 billion in June. The Swedish Debt Office's forecast pointed to a deficit of Skr14.7 billion.
The According to a report from the Swedish debt office on Thursday, it notes that the difference between outcome and forecast is mainly due to payment lags between months within the Debt Office's net lending and does not affect the outcome for the full year.
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The Debt Office's net lending was Skr8.8 billion higher than forecast. Tax revenue was Skr3.3 billion higher than estimated. The higher outcome is due according to the Debt Office to some extent on variations between months. At the same time, tax refunds were slightly lower than forecast.

Interest payments on government debt were Skr0.2 billion lower than forecast in June.
The national debt amounted to Skr1060 billion by June 30th.

For the twelve-month period up to and including June, government payments were in a surplus of Skr48 billion.
By Scancomark.se Team


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