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Swedish central government payments gave a surplus of SEK 0.2 billion in October. The Debt Office's latest forecast was a deficit of SEK 11.2 billion. The difference is mainly explained by lower interest payments on central government debt and higher tax revenue.
Tax revenue was SEK 4 billion higher than expected. We assess that this mainly depends on normal variations in monthly VAT payments.
Interest payments gave a surplus of SEK 1.5 billion. We had calculated with disbursements of SEK 2.5 billion. Interest payments thus were SEK 4.0 billion lower than calculated. The difference is explained by higher exchange rate gains. The Debt Office has short-term investments in dollars which have increased in value as the dollar has appreciated. Since we have also entered forward contracts to sell dollars in the future, the final gains on these investments will, however, be considerably less.
For the twelve-month period, November 2007 to October 2008, the surplus amounted to SEK 182 billion. The central government debt was SEK 1,142 billion at the end of October.
The outcome for November 2008 will be published at 9.30 am on 5 December 2008.
Further information can be obtained from: Tord Arvidsson, phone +46 8 613 47 53
This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
