The primary borrowing requirement (all government payments except interest payments) was SEK 300 million, which is 3.1 billion more than expected. The main reason for the increase is less incoming and more outgoing tax payments than anticipated. Smaller payments from state authorities and less central government net lending than expected worked in the opposite direction.
The central government interest payments were SEK 800 million less than projected.
For the twelve-month period ending July 31, the borrowing requirement amounted to SEK 56.3 billion. The central government debt amounted to SEK 1,193 billion at the end of July 2003.
The outcome of central government borrowing requirement for August will be published on September 9, 2003, at 9.30 a.m.[1]
For additional information, please contact:
Gunnar Forsling, Senior Economist, tel. +46 8 613 45 35
[1] The publication schedule for 2003 can be found on www.rgk.se. It can also be obtained by calling +46-8-613 47 40. Release dates for the outcome of the central government borrowing requirement are published quarter-ahead on the Advance release calendar on the International Monetary Fund's web site (http://dsbb.imf.org) in accordance with the Special Data Dissemination Standard (SDDS).