The Swedish government declared a deficit in government payments amounting to SEK6.4 billion in June, under SEK28.7 billion compared with the forecast of the Debt Office.
This difference was related to the sale of 260 million shares in Nordea for a total of SEK19.5 billion. This transaction was not included in the Debt Office's forecast, hence the difference. The announcement of the sale of shares came after the Debt Office published its annual forecast.
After a revision though, the net borrowing requirement for this year went down to SEK163 billion; the initial forecast was SEK 183 billion. The update on the effect of the Nordea sale was announced on June 19 at a press release.
Other factors that contributed to this deficit included a higher tax income, which was SEK4 billion than the estimated amount, and a decrease of SEK 5 billion of on-lending to the Riksbank.
On the other hand, the forecast for interest payments for government debt was SEK0.1 billion lower than the actual amount of SEK2.0 billion.
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