The outcome of the primary borrowing requirement (all government payments except interest payments) was a surplus of SEK 22.4 billion, which is SEK 4.3 billion more than projected. Tax payments were larger than predicted. In addition, there were smaller disbursements by a number of state agencies partly due to lower transfer payments than expected. Interest payments on the central government debt in May were according to our latest forecast.
The Debt Office will come back with a revision of the full year forecast for 2004 and a new forecast of the borrowing requirement for 2005 on June 16, when Central Government Borrowing 2004:2 is published.
For the twelve-month period ending May 31, the borrowing requirement amounted to SEK 43.1 billion. The central government debt amounted to SEK 1,228 billion at the end of May 2004.
The outcome of central government borrowing requirement for June will be published on July 7, 2004, at 9.30 a.m.
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