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Sweden March budget deficit below forecast

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Staff writer ▼ | April 9, 2014
SwedenSweden's budget deficit in March came in below the official forecast, the Swedish National Debt Office said.

The central government payments led to a deficit of SEK 2.9 billion, which was SEK 11.4 billion lower than the Debt Office's forecast of a deficit of SEK 14.2 billion.

The Debt Office attributed the difference mainly to lower net lending to government agencies and lower interest payments on central government debt.

The net borrowing requirement of SEK 2.87 billion was broadly in line with the agency's forecast. While tax income was SEK 5.0 billion higher than estimated, it was offset by higher expenses, primarily the contribution to the EU, which were SEK 2.6 billion higher than forecast.

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