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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
SWEDEN
The Swedish National Debt Office’s forecast error for the budget balance grew to SEK15.2bln in August, after the monthly budget surplus of SEK34.9bln fell short of the SEK39.3bln projection. We have previously noted that this forecast error will need to be incorporated into the Debt Office’s November projections, alongside the Autumn budget’s fiscal policies and the lower-than-expected Riksbank capital injection.
- The August forecast error largely due to the primary balance (i.e. interest payments were broadly in line with peojections). The press release notes that tax revenue was ~SEK1bln lower than estimated, while Government agency spending was above expectations.
- A reminder that the Debt Office had accounted for SEK40bln of unfunded fiscal measures for 2025 in its May forecast round – below the Government’s announced size of “around SEK60bln”.
- See “SWEDEN: Policies To Support Households Announced Ahead Of Sep 19 Budget” on Sep 5, for more on the fiscal policy measures announced so far.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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