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Financial News: Swedish Budget Surplus Exceeds Estimate: Debt Office

Swedish Budget Surplus Exceeds Estimate: Debt Office

09/07/2017 - 06:43:00 (RTTNews)

(RTTNews) - Sweden's budget surplus exceeded the government estimate in August, the National Debt Office said Thursday.

The central government payments showed a surplus of SEK 39.1 billion in August compared to official forecast of SEK 16.6 billion.

Tax income was around SEK 2 billion lower than calculated. At the same time, government spending was marginally higher than forecast.

The Debt Office's net lending to government agencies was SEK 24.0 billion lower than calculated. This was because loans to the Riksbank which matured in August were refinanced in July. The lower net lending was thus only a redistribution between July and August.

Interest payments on central government debt were SEK 1.2 billion lower than estimated.

During twelve-month to August 2017, central government payments resulted in a surplus of SEK 52.1 billion, data showed.

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