Tax payments in August were SEK 2 billion lower than calculated. This is counteracted by the fact that disbursements from authorities at the same time were somewhat lower than expected.
The Debt Office's net lending to state agencies was SEK 9 billion lower than estimated. Repo transactions* made by state agencies accounted for SEK 6 billion of the difference. These repo transactions will not affect the assessment of the year since they are included in the forecast for other months. In addition, the forecast included a payment of a loan to Iceland that will be made later this year.
Interest payments on central government debt were SEK 3 billion, which was in line with forecast.
For the twelve-month period up to the end of August, central government payments resulted in a deficit of SEK 64 billion. Central government debt amounted to SEK 1,050 billion at the end of August.
The outcome for September will be published at 9.30 am on 7 October 2009.
Further information can be obtained from:
Sofia Olsson, phone +46 8 613 47 30
* Repo transactions by government agencies mean that they sell government securities with a repurchase agreement. The payment of the repos must be deposited in an account at the Debt Office. If the total volume of outstanding repos change during the month compared to the previous turn of the month it will affect the outcome of the borrowing requirement. We make forecasts of the repo transactions on the basis of the information we receive from the government agencies. However, the forecast are very uncertain since the government agencies may alter their plans on a short notice.
