Swedish gov’t payments in surplus in October
Sweden is unlikely to have any problems selling new debt after its National Debt Office (Riksgälden) announced yet another central government payments surplus of SEK3bn (€330m) for October.
The surplus was SEK2.7bn higher than its own previous forecast. The Office said the discrepancy was down to its overestimating spending by Sida, the Swedish International Development Cooperation Agency, as well as higher than expected income to other agencies.
Interest payments were SEK1bn lower than expected because of exchange rate gains.
the central government payments surplus over the past 12 months now stands at SEK69bn (€7.59bn), the Debt Office said. Total central government debt stood at SEK1trn (€110bn) at the end of October.