Swedish Budget Balance In Surplus In July

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Sweden's budget balance in July gave a surplus of SEK 6.2 billion compared with a deficit of SEK 102.7 billion in June, data released by the National Debt Office showed Friday. That was in contrast to the Debt Office's forecast for a SEK 1.8 billion deficit.

According to the official data, tax payments were SEK 4 billion higher than calculated. At the same time, the Debt Office's net lending was SEK 2 billion lower than expected. This is because the July forecast included a payment of a loan to Iceland that will instead be made later this year.

Other deviations from the forecast primarily depend on lower disbursements from authorities, the Debt Office said.

Interest payments on central government debt were SEK 0.2 billion. That is SEK 0.4 billion lower than calculated.

For the twelve-month period up to the end of July, central government payments resulted in a deficit of SEK 75 billion. Central government debt amounted to SEK 1.03 trillion on July 31.

Sweden's budget balance in July gave a surplus of SEK 6.2 billion compared with a deficit of SEK 102.7 billion in June, data released by the National Debt Office showed Friday. That was in contrast to the Debt Office's forecast for a SEK 1.8 billion deficit. (Market News Provided by RTTNews)