The primary borrowing requirement (all government payments except interest payments) was SEK 100 million, which is 1.1 billion less than expected. The main reason for this is that payments from state authorities were smaller than anticipated. Smaller tax payments and larger central government net lending worked in the opposite direction. Central government interest payments were basically in line with the forecast.
For the twelve-month period ending November 30, the borrowing requirement amounted to SEK 60.8 billion. The central government debt amounted to SEK 1229 billion at the end of November 2003.
The outcome of central government borrowing requirement for December and for the entire 2003 will be published on January 12, 2004, at 9.30 a.m.[1] A revised forecast for 2004 will be published on February 25, 2004, at 9.30 a.m.
For additional information, please contact:
Borrowing requirement: Lars Hörngren, Chief Economist, tel. +46 8 613 4736
[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).
Table with figures on the outcome can be downloaded from the enclosed link:
