Borrowing requirement in line with forecast in March

The March primary borrowing requirement was SEK 2.3, which is 1.1 billion lower than projected. The main reason was less disbursement from The National Social Insurance Board to The National Pension Funds.

 

Interest payments on the central government debt in March were SEK 1,3 billion larger than projected. The main part of the forecast error can be assigned to lower premiums on bonds than projected by the Debt Office. The lower premiums are due to issues of bonds with lower coupons than the Debt Office had originally planned.

 

The earlier published surplus of the Swedish central government cash flow in February has been revised from SEK 25.4 billion to 23.3 billion. This is due to a reversed entry in the Debt Office's net lending.

 

For the twelve-month period ending March 30, the borrowing requirement amounted to SEK 36.7 billion. The central government debt amounted to SEK 1,222 billion at the end of March 2003.

 

The outcome of central government borrowing requirement for April will be published on May 8, 2003, at 9.30 a.m.

A revised forecast for 2003 will be published on June 18, 2003, at 9.30 a.m.

For additional information, please contact:

Lars Hörngren, Chief Economist,

tel. +46 8 613 47 36.

 

Gunnar Forsling, Senior Economist, 

tel. +46 8 613 45 35.