Riksgälden; Swedish Central Government Payments Gave A Surplus Of SEK 19.7 billion In November

Swedish central government payments gave a surplus of SEK 19.7 billion in November. The Debt Office's latest forecast was a surplus of SEK 19.9 billion. The outcome was thus in line with the forecast.

Even though the outcome was close to the forecast, there were deviations within a few areas. The largest deviations concerned the Debt Office's net lending to central government agencies and interest payments on central government debt.

The net lending was SEK 4 billion higher than forecast. This was in part because the Debt Office paid SEK 2.4 billion to the Riksbank, Sweden's central bank. This payment was made in connection with the Debt Office taking over the Riksbank's support loan to Carnegie. In addition, lending to the Swedish Road and Rail Administrations was just above SEK 1 billion higher than expected.

Interest payments were SEK 2.5 billion lower than calculated. The difference is mainly explained by higher exchange rate gains. The Debt Office has short-term investments in dollars which have increased in value as the dollar has appreciated. Since we have also entered forward contracts to sell dollars in the future, the final gains on these investments will, however, be considerably less.

For the twelve-month period, December 2007 to November 2008, the surplus amounted to SEK 183 billion. The central government debt amounted to SEK 1,133 billion at the end of November.

The outcome for December and the yearly outcome for 2008 will be published at 9.30 am on 12 January 2009.

Further information on the outcome and forecast can be obtained from: HÃ¥kan Carlsson, phone +46 8 613 47 33

Further information on Carnegie can be obtained from: Daniel Barr, phone +46 8 613 46 94 Marja LÃ¥ng, phone +46 8 613 46 54

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.



LINK: http://hugin.info/133745/R/1275263/283804.pdf

Riksgälden

http://www.rgk.se/

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