Market Commentary and Intraday News
Sweden Aug. Budget Surplus Stays Below Expectations
253 days ago
(RTTNews) - Sweden's central government payments showed a surplus of SEK 11.1 billion in August, which was SEK 9.7 billion lower than the government estimate, figures from the National Debt Office showed Friday.
The weaker-than expected surplus reflects higher tax refund in August. The Debt Office's net lending to central government agencies was SEK 1.7 billion higher than projected. Again, interest payments on central government debt exceeded forecast by SEK 0.5 billion.
During twelve months ended August, central government payments resulted in a deficit of SEK 22.9 billion.
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