Sweden's budget deficit in April was higher than the National Debt Office's forecast, largely due to higher on-lending to Riksbank and lower tax income, a report from the Debt Office showed Wednesday.
The central government net borrowing requirement was SEK 0.8 billion in April, SEK 18.6 billion higher than forecast. In March, central government payments resulted in a surplus of SEK 5.8 billion.
According to the debt office, the difference between the actual outcome and the forecast was largely due to higher on-lending to the Riksbank, lower tax income and lower dividends on shares owned by the central government.
The Debt Office's net lending was SEK 12.2 billion, which was SEK 13 billion higher than calculated. At the same time, tax income was SEK 3.3 billion lower than estimated.
Interest payments on central government debt were SEK 0.7 billion lower than expected. Meanwhile, central government debt amounted to SEK 1,212 billion at the end of the month.
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