• Home
  • News
    • People moves
    • Africa
    • Asia
    • Australia
    • Canada
    • Caribbean
    • Domicile
    • Europe
    • Latin America
    • North America
    • Middle East
    • US
    • US
    • UK
  • Products
    • Funds
    • Pensions
    • Platforms
    • Insurance
    • Investments
    • Private Banking
    • Citizenship
    • Taxation
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Directory
  • Video
  • Advertise with us
  • Directory
  • Events
  • European Fund Selector
  • Newsletters
  • Follow us
    • Twitter
    • LinkedIn
    • Newsletters
  • Advertise with us
  • Directory
  • Events
    • Upcoming events
      event logo
      International Investment Nordic Forum 2021

      International Investment is delighted to announce the 2021 International Investment Nordic Forum which will take place on Tuesday March 9, at 9am (GMT). This curated virtual event will be broadcast live and will feature a series of fund manager interviews and presentations, as well as interviews with some of the Nordic regions top fund selectors.

      • Date: 09 Mar 2021
      • ONLINE, ONLINE
      event logo
      Sustainable Investment Festival 2021

      The Sustainable Investment Festival will run online from 22-25 June and will include thought-provoking presentations from renowned keynote speakers, innovative breakout events and sessions specifically tailored to meet the information needs of fund selectors, financial advisers, pension consultants, trustees and scheme managers.

      • Date: 22 Jun 2021
      • Online, Online
      View all events
  • European Fund Selector
International Investment
International Investment

Sponsored by

Sharing Alpha
  • Home
  • News
  • Products
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Video
  • Fixed Income

Swedish gov't surplus in May bigger than expected

Swedish gov't surplus in May bigger than expected
  • Jonathan Boyd
  • Jonathan Boyd
  • @jonathanboyd
  • 11 June 2019
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  

While the European Commission frets about how to deal with expenditure by the Italian government, further north in Sweden, the country's Debt Office has recorded a central government payments surplus of SEK64.2bn for May alone - a third higher than previous estimates of SEK40.2bn.

The Debt Office stated that the difference was mainly due to the Riksbank, the central bank, repaying foreign currency loans previously borrowed from the Debt Office. Also, lending to government agencies was SEK19.4bn lower than forecast, mainly due to SEK19.9bn lower on-lending to the Riksbank.

Related articles

  • Fidelity's US Dollar Bond fund considers US debt crisis
  • Amundi expands SRI ETF range
  • End of easing seen in Sweden
  • Swedish fund buyers still setting world records

On the so-called primary balance, the difference between central government income and expenditure was SEK4.9bn higher than forecast, mainly due to some SEK4bn higher than expected tax revenue.

Over the 12 months to the end of May 2019, the government recorded a payments surplus of SEK93.8bn. Total central government debt at the end of the month was SEK1.078trn.

Central government net borrowing requirement1 (SEK million)

 

 

Outcome May

Forecast May

Deviation May

Acc.  Dev2

Outcome 12-month

Net borrowing requirement

-64 217

-40 185

-24 032

-32 392

-93 760

Primary balance3

-47 080

-42 191

-4 890

-10 534

-89 779

Net lending to agencies etc.4

-21 259

-1 853

-19 406

-23 317

-22 769

Interest payments on central government debt

4 123

3 859

264

1 459

18 788

  - Interest on loans in SEK

3 623

906

2 717

-415

15 038

  - Interest on loans in foreign currency

92

-66

158

-6

-449

  - Realised currency gains and losses

408

3 019

-2 611

1 880

4 198

1The net borrowing requirement corresponds to the budget balance with opposite sign.

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  
  • Topics
  • Fixed Income
  • European Commission
  • sweden
  • Debt Office
  • Riksbank
  • Balance of payments
  • Nordics
  • Italy

More on Fixed Income

Investors Trust launches fixed-income plans for int'l investors

  • Fixed Income
  • 12 June 2020
Insight Investment introduces new ESG risk rating for fixed income investors

  • ESG
  • 09 June 2020
Eaton Vance appoints business development director for Germany and Austria

  • People Moves
  • 02 June 2020
European ETFs survive the redemption test, finds report

  • Fixed Income
  • 27 May 2020
AMX adds two to Irish operations

  • Alternative
  • 18 March 2020
Back to Top

Most read

HSBC appoints CEO for the Middle East region
HSBC appoints CEO for the Middle East region
People moves: Phoenix Group, Franklin Templeton, TMF Group, AJ Bell, Arete, Just Group
People moves: Phoenix Group, Franklin Templeton, TMF Group, AJ Bell, Arete, Just Group
Nordic Fund Selector of the Year 2021 shortlist announced
Nordic Fund Selector of the Year 2021 shortlist announced
UK Budget: Sunak freezes lifetime allowance for pensions contributions
UK Budget: Sunak freezes lifetime allowance for pensions contributions
Europe's wealth mangers increasingly focusing on Bitcoin: survey
Europe's wealth mangers increasingly focusing on Bitcoin: survey
  • Contact Us
  • Marketing solutions
  • About Incisive Media
  • Terms and conditions
  • Policies
  • Careers
  • Twitter
  • LinkedIn
  • Newsletters

© Incisive Business Media (IP) Limited, Published by Incisive Business Media Limited, New London House, 172 Drury Lane, London WC2B 5QR, registered in England and Wales with company registration numbers 09177174 & 09178013

Digital publisher of the year
Digital publisher of the year 2010, 2013, 2016 & 2017
Loading