The Swedish central government cash flow in October resulted in a borrowing requirement of SEK 5.3 billion, which is 100 million more than projected.
The primary borrowing requirement was, as projected, SEK 4.3 billion. Regular incoming payments were however larger than expected at the same time as, outgoing tax payments were larger than predicted. Central government net lending and interest payments on the central government debt have evolved in line with the forecast.
For the twelve-month period ending October 30, the borrowing requirement amounted to SEK 61.4 billion. The central government debt amounted to SEK 1,207 billion at the end of October 2003.
The outcome of central government borrowing requirement for November will be published on December 5, 2003, at 9.30 a.m.[1] A revised forecast for 2004 will be published on February 25, 2004, at 9.30 a.m.
Gunnar Forsling, Senior Economist, tel. +46 8 613 45 35
[1] The publication schedule for 2003 can be found on www.rgk.se. It can also be obtained by calling +46-8-613 47 40. Release dates for the outcome of the central government borrowing requirement are published quarter-ahead on the Advance release calendar on the International Monetary Fund's web site (http://dsbb.imf.org) in accordance with the Special Data Dissemination Standard (SDDS).
The full press release including tables can be downloaded from the enclosed link.
