The article from BBC seems to explain it all.
Spend first, claw back in tax. However, we all know that once the budget is agreed, the account at the central bank can open. But does it only have a month's worth of money in it? This so e.g January's tax back pays February's outgoing cash flow wise, and covers January's outgoings accounting wise?
If you get the national account loaded with the ability to pay out during the year cash flow would look dodgy only at the end of the year. So why have to borrow throughout the year?
Why hold back on money already decided?
Any experts out there understand what is going on? I asked Richard Murphy about why Sweden borrows for every month and he said they do it because they are under a delusion. The gov debt office with 500.employees! Help me out ?