Surplus for Swedish central government in May

Sweden’s central government surplus continued in May, although at a slightly lower than expected rate of SEK22.7bn (€2.6bn).

The National Debt Office reported the surplus as some SEK4.8bn down on forecasts.

The difference was said to be down to higher net lending by the Debt Office, in turn because of a Swedish Pensions Agency disbursement of SEK3.7bn to pension savers. These consisted of rebates on management fees and inheritance gains.

Also, the country’s Nuclear Waste Fund reduced its deposits at the Debt Office.

Interest payments on central government debt amounted to SEK3.4bn (€390m) over the month, which was in line with forecasts.

In the 12 months to the end of May, the government ran up a deficit of SEK154.7bn, the Debt Office said. Total central government debt was SEK1.211trn (€139bn) at the end of May.


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