Sweden’s budget deficit exceeded estimate in June, the National Debt Office reported Tuesday.
The central government payments showed a shortfall of SEK 33.5 billion in June. The debt office forecast was a deficit of SEK 33.0 billion.
The central government’s primary borrowing requirement was SEK 1.1 billion lower than forecast due to higher tax collection.
At the same time, the Debt Office’s net lending to government agencies was SEK 2 billion higher than calculated, mainly reflecting lower deposits from the Swedish Pensions Agency.
Interest payments on central government debt totaled SEK 1.3 billion, which was SEK 0.5 billion lower than forecast.
For the twelve months to June, central government payments resulted in a deficit of SEK 79.4 billion.
The material has been provided by InstaForex Company – www.instaforex.com