Larger surplus than expected in May


 
 
 
The primary surplus (all government payments except interest payments) requirement was SEK 21.7 billion kronor, which is 5.5 billion larger than expected. The main reason was smaller disbursements by state agencies and smaller payments to the EU. Tax payments were also larger than predicted. In addition the central government net lending was larger than predicted.
 
The central government interest payments worked in the opposite direction by being SEK 1.6 billion larger than expected.
 
The Debt Office will come back with a revision of the full year forecast for 2003, June 18, when Central Government Borrowing 2003:2 is published.
 
For the twelve-month period ending May 30, the borrowing requirement amounted to SEK 32.8 billion. The central government debt amounted to SEK 1,199 billion at the end of May 2003.
 
The outcome of central government borrowing requirement for June will be published on July 7, 2003, at 9.30 a.m. A revised forecast for 2003 and a forecast for 2004 will be published on June 18, 2003, at 9.30 a.m.
 
For additional information, please contact:
Lars Hörngren, Chief Economist, tel. +46 8 613 47 36
Gunnar Forsling, Senior Economist, tel. +46 8 613 45 35
 
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).
 

Attachments

Appendix with figures