Sweden's state coffers bulge further
AFP - [email protected]
Published: 9 Jun, 2008 CET.
Updated: Mon 9 Jun 2008 10:59 CET
The Swedish central government had a surplus in payments -- or negative borrowing requirement -- of 13.5 billion kronor ($2.28 billion) in May, the Swedish National Debt Office (Riksgälden) said.
The agency said the surplus was 4.3 billion kronor higher than its latest forecast.
"The deviation is mainly explained by tax revenue being 8 billion kronor higher than calculated. This was largely due to lower tax reimbursements, higher supplementary tax payments, and larger preliminary tax payments on share dividends and interest rate income," the Debt Office said in a statement.
Interest payments on central government debt were 5.9 billion kronor, which was 0.2 billion kronor higher than expected.
The surplus for the twelve-month period up to the end of May amounted to 100 billion kronor.
Central government debt amounted to 1,048 billion kronor at the end of May.
Comments
See Also
The agency said the surplus was 4.3 billion kronor higher than its latest forecast.
"The deviation is mainly explained by tax revenue being 8 billion kronor higher than calculated. This was largely due to lower tax reimbursements, higher supplementary tax payments, and larger preliminary tax payments on share dividends and interest rate income," the Debt Office said in a statement.
Interest payments on central government debt were 5.9 billion kronor, which was 0.2 billion kronor higher than expected.
The surplus for the twelve-month period up to the end of May amounted to 100 billion kronor.
Central government debt amounted to 1,048 billion kronor at the end of May.
Join the conversation in our comments section below. Share your own views and experience and if you have a question or suggestion for our journalists then email us at [email protected].
Please keep comments civil, constructive and on topic – and make sure to read our terms of use before getting involved.
Please log in here to leave a comment.