Debt facts

  • Central government debt is SEK 1,073 billion (2019-08-30). 
  • The debt is around 26 per cent of GDP (2018-12-31), a reduction from almost 80 per cent in 1995. 
  • Interest payments on the central government debt were SEK 22 billion in 2015.  
  • The central government budget showed a deficit of SEK 33 billion in 2015. 

What is the central government debt?

The central government debt is the overall deficit and surplus in the central government’s budget over time. The Debt Office borrows money on behalf of the Government when there is a deficit in the central government budget and amortises on the central government debt when there is a surplus. We also renew loans when they mature.

Who does the government borrow from?

We borrow by selling debt instruments, mostly government bonds. Many people think that we take out loans with banks or other governments, but this is not the case.
The lenders are those who buy the bonds. They might be, for example, pension funds, insurance companies, banks, central banks and private individuals, both Swedish and foreign.

How is the central government debt managed?

The Government sets overall guidelines for how the central government debt is to be managed. The Debt Office has the task of managing the central government debt at the lowest possible interest costs while at the same time taking into account the risks in the debt.

The Swedish parliament, the Riksdag, carries out an evaluation of the Government’s guidelines and how well the Debt Office has managed the central government debt.