enhttps://www.riksgalden.se/en/press-and-publications/press-releases-and-news/newslists/newslist-all-published/60Optimizely 12 CMS - LFPChttps://www.riksgalden.se/en/press-and-publications/publications/government-debt/20262/swedens-central-government-debt-june-2026/Report: Sweden's Central Government Debt June 2026https://www.riksgalden.se/en/press-and-publications/publications/government-debt/20262/swedens-central-government-debt-june-2026/Tue, 07 Jul 2026 08:00:32 GMTPublicationReport – Government debt https://www.riksgalden.se/en/press-and-publications/press-releases-and-news/press-releases/2026/deficit-for-swedish-central-government-in-june-2026/The primary balance was SEK 0.6 billion higher than the forecast. Disbursements from several agencies were lower than forecast, which was offset by tax revenues being approximately SEK 2 billion lower than estimated. The Debt Office’s net lending to government agencies etc. was SEK 6.2 billion lower than forecast. This is due to higher-than-expected deposits. Interest payments on central government debt were SEK 0.6 billion lower than forecast. For the twelve-month period up to the end of June 2026, central government payments resulted in a deficit of SEK 99.0 billion. Central government debt amounted to SEK 1,262 billion at the end of June. The outcome for July 2026 will be published on 7 August, 2026 at 8.00 a.m. The date for publishing a new forecast on the Swedish economy and central government borrowing is 26 November 2026. Budget balance and central government net borrowing requirement [1] (SEK million)   Outcome Forecast Deviation Acc.    Dev. [2] Outcome 12-month Budget balance -58 353 -65 754 7 401 -4 564 -98 972 Net borrowing requirement 58 353 65 754 -7 401 4 564 98 972 Primary balance [3] 55 025 55 613 -589 14 072 84 554 Net lending to agencies etc. [4] -10 922 -4 688 -6 234 -8 668 -14 086 Interest payments on central government debt 14 250 14 828 -578 -840 28 504   - Interest on loans in SEK 14 848 14 573 275 403 31 421   - Interest on loans in foreign currency 136 80 56 -308 -804   - Realised currency gains and losses -734 174 -909 -934 -2 113  [1] The net borrowing requirement corresponds to the budget balance with the opposite sign.  [2] Sum of monthly forecast deviations since last forecast.  [3] Net of the state's primary expenditure and income.  [4] The net of government agencies etc. deposits and loans in the state’s internal bank. The net lending includes both current government operations and temporary occurrences that can be decided on short notice. The net lending affects the net borrowing requirement and central government debt, but is not covered by the Central government expenditure ceiling. Report: Sweden’s Central Government Debt June 2026 Official statistics on the central government net borrowing requirement and government debt The monthly outcome of the central government net borrowing requirement is included in the official statistics of Sweden. The Debt Office published its latest forecast on the Swedish economy and central government borrowing on 28 May 2026: Central Government Borrowing - Forecast and Analysis 2026:1.https://www.riksgalden.se/en/press-and-publications/press-releases-and-news/press-releases/2026/deficit-for-swedish-central-government-in-june-2026/Tue, 07 Jul 2026 08:00:31 GMTPress releaseCentral Government BorrowingGovernment Debthttps://www.riksgalden.se/en/press-and-publications/press-releases-and-news/news/2026/debt-office-proposes-policy-for-assessing-which-banks-should-be-managed-through-resolution/The Debt Office is Sweden’s resolution authority, which means that we are responsible for managing systemically important banks and certain other financial institutions via resolution if they are no longer viable and are failing. This responsibility includes assessing which banks are to be managed through resolution and are therefore deemed systemically important. The assessment is based on the potential consequences if a bank were to fail. “By developing a policy and circulating it for consultation, we intend to both increase understanding of the Debt Office’s resolution work as well as make our assessments more predictable,” says Fredrik Bystedt, head of the Financial Stability department. The aim of managing systemically important banks via resolution is to avoid serious disruptions of the financial system and ensure that critical services and functions for the real economy can continue to be provided. Banks that in the Debt Office’s assessment are not to be managed through resolution are to instead be wound up through bankruptcy or liquidation proceedings if they are no longer viable. “In the policy, we describe the approach that the Debt Office applies for determining which banks are systemically important. The systemic importance assessment is based on a number of indicators with related thresholds, although it is not done strictly on the basis of these thresholds. We conduct an overall assessment that can also take into account other circumstances, including those which may be relevant in an actual crisis,” says Louise Welin, senior analyst at the Financial Stability department. The Debt Office conducts an annual assessment to determine which banks should be managed through resolution. This assessment is presented in a resolution plan that is prepared and decided on for every bank in Sweden. Resolution planning is vital for being able to manage a bank in distress effectively in an actual crisis. The Debt Office usually decides on a new resolution plan in December. The last day to respond to the policy proposal is 4 September 2026. Proposal for a Policy for assessing whether a bank should be managed through resolutionhttps://www.riksgalden.se/en/press-and-publications/press-releases-and-news/news/2026/debt-office-proposes-policy-for-assessing-which-banks-should-be-managed-through-resolution/Thu, 02 Jul 2026 08:32:51 GMTNewsFinancial stabilityhttps://www.riksgalden.se/en/press-and-publications/press-releases-and-news/news/2026/banking-crisis-management-is-focus-of-international-conference-in-stockholm/Panel members, from the left: Claudia Buch, John Vickers, Nicolas Véron, Dominique Laboureix and Karolina Ekholm.  The conference took place on 10 and 11 June and comprised presentations, discussions, and panel discussions with decision-makers, researchers, and experts from a number of countries. The speakers were invited by the Swedish National Debt Office and the Center for Monetary Policy and Financial Stability (CeMoF) at Stockholm University to share their perspectives and discuss managing banks in crisis. Commemorated ten years of EU resolution regulations in Sweden The conference marked ten years since the EU-wide resolution framework was introduced in Sweden. Over two days, discussions were held on how the regulatory framework has worked in practice and how it can be further developed to bolster financial stability. “The conference was a way of calling attention to the significance of having a resolution framework for being prepared to manage banks in crisis – without severe disruption of the financial system ensuing or taxpayers being left with the bill. Several participants emphasised the importance of continuing to develop the framework and of bringing decision-makers and researchers together to discuss these issues from their respective perspectives,” says Debt Office Director General Karolina Ekholm. Regulatory framework and practical application in focus on Day 1 The first day was hosted by the Debt Office with a focus on policy issues. The discussion topics included the progress made in strengthening the resilience of banks and establishing the new resolution framework, as well as the challenges that remain. Attention was also brought to the importance of access to liquidity in crisis situations. Speakers day 1. Top row from the left: Ricardo Reis, Claudia Buch, John Vickers, Nicolas Véron, Dominique Laboureix and Karolina Ekholm. Bottom row from the left: Alain Girard, Stefan Ingves, Patrick Honohan, Lene Kjaer and John Vickers.  Research and experiences in focus on Day 2 The second day focused on current research and was hosted by the Center for Monetary Policy and Financial Stability (CeMoF) at Stockholm University. Several studies were presented on how banking crisis management has developed and how the regulations can be adapted to new risks. Speakers day 2. Top row from the left: Erlend Nier, Farzad Saidi, Elena Carletti. Bottow row from the left: Martin Oehmke and Mariassunta Giannetti. Read comments from speakers Some of the speeches are published on the websites of the respective organisations. Here are links to a few of them. Dominique Laboureix is Chair of the Single Resolution Board (SRB). His speech was on the role of crisis management reforms in restoring and maintaining confidence in the financial system:  “Once trust runs out, history shows us, consequences can be catastrophic. In the worst cases, the entire system’s credibility needs to be rebuilt from scratch.” The speech is available in its entirety on the Single Resolution Board’s website. Panel members, from the left: Patrick Honohan, Erik Thedéen, Tuija Taos, Jan Marc Berk and Martin Flodén. Riksbank Governer Erik Thedéen emphasised that banks and other monetary policy counterparties must ensure that they have both the operative capability and preparedness to borrow money from the Riksbank: “To ensure that banks can borrow from the Riksbank quickly and efficiently when needed, we are considering introducing mandatory test transactions, but as a first step, our counterparties are now recommended to voluntarily test their operational capacity by borrowing from the Riksbank.” The speech is available in its entirety on the Riksbank’s website. More presentations can be found on Stockholm University's website. Photography: Viveca Karström Encrantzhttps://www.riksgalden.se/en/press-and-publications/press-releases-and-news/news/2026/banking-crisis-management-is-focus-of-international-conference-in-stockholm/Thu, 25 Jun 2026 11:07:22 GMTNewsFinancial stabilityAbout the Debt Officehttps://www.riksgalden.se/en/press-and-publications/press-releases-and-news/press-releases/2026/new-resolution-plan-for-central-counterparties-as-of-18-june/The new resolution plan will apply as of 18 June. The Debt Office is to prepare a resolution plan for central counterparties each year, on which the Resolution Board then decides. In Sweden, there is one central counterparty, Nasdaq Clearing Aktiebolag. The resolution plan describes, among other things, the strategies that the Debt Office intends to use in resolution as well as the Debt Office’s assessment of the central counterparty’s resolvability. The resolution plan is an important tool for being able to best carry out resolution if necessary.  https://www.riksgalden.se/en/press-and-publications/press-releases-and-news/press-releases/2026/new-resolution-plan-for-central-counterparties-as-of-18-june/Thu, 18 Jun 2026 08:00:31 GMTPress releaseFinancial stabilityhttps://www.riksgalden.se/en/press-and-publications/press-releases-and-news/news/2026/swedish-national-debt-office-and-stockholm-university-hold-two-day-international-conference-on-banking-crisis-management/On 10 and 11 June, the Swedish National Debt Office, together with the Center for Monetary Policy and Financial Stability (CeMoF) at Stockholm University, is holding an international conference with invited speakers and guests that work with or conduct research on financial crises and crisis management of banks. The conference marks the ten-year anniversary of Sweden’s implementation of the EU-wide regulatory framework for managing banks in crisis – known as the resolution framework – that was created after the global financial crisis. The first day consisted of presentations and panel discussions with Swedish and international decision-makers, researchers, and other experts on banking crisis management.  “This framework, which marks its tenth anniversary this year, has provided us with tools and powers to manage systemically important banks if they should fail, while also creating entirely new prospects for them to be prepared for a future crisis. Planning requirements have generated crisis preparedness at the institutional level in a way that did not previously exist. As a government authority responsible for financial stability, it is essential that we maintain and further develop the framework,” says Debt Office Director General Karolina Ekholm. Representatives from the Center for Monetary Policy and Financial Stability (CeMoF) at Stockholm University also emphasise the importance of discourse and the exchange of knowledge. “Resolution is a new area. To be able to teach the subject at Stockholm University, our collaboration with the Debt Office has been crucial. With this conference, we now also hope to strengthen our network as well as our research environment in this area over time,” says Roine Vestman, professor and director of CeMoF at Stockholm University. Important perspectives from day 1 Several key issues were addressed during the day: The relationship between banks in crisis and sovereign debt development and how the crisis management framework can help reduce this connection. How the crisis management framework can continue to be developed in order to bolster financial stability. Lessons from previous banking crises and how these lessons may be utilised in the future. Maintaining confidence and liquidity reserves in a crisis. Speaker perspectives One of the speakers was Alain Girard, member of the Executive Board, Head of the Banks division, the Swiss Financial Market Supervisory Authority (FINMA): “Optionality in resolution, enshrined in sound legal powers as well as at operational level – which means that crisis simulations have to be a core activity and responsibility for resolution authorities – is crucial for resolution regulation, planning and preparation." Another speaker was Erik Thedéen, Governor of the Riksbank and Chairman of the Basel Committee on Banking Supervision (BCBS). He participated in a panel session on how liquidity stress may unfold, how liquidity and confidence can be safeguarded across the crisis lifecycle, and where current frameworks may be improved: “It was a very engaging panel discussion, which underscored both the importance and difficulty of being prepared for a crisis. After all, it has been quite some time since we experienced a crisis in Sweden. The discussion also illustrated the difference between the Eurosystem, which has the ECB and a centralised resolution authority, and Sweden – which operates outside both entities but must maintain close cooperation with them.” Continuation day 2 The conference will continue tomorrow with a focus on the latest research on banking crisis management. Presentations will cover studies and analysis examining developments in this area. Full conference programme.https://www.riksgalden.se/en/press-and-publications/press-releases-and-news/news/2026/swedish-national-debt-office-and-stockholm-university-hold-two-day-international-conference-on-banking-crisis-management/Wed, 10 Jun 2026 22:00:37 GMTNewsFinancial stabilityAbout the Debt Officehttps://www.riksgalden.se/en/press-and-publications/press-releases-and-news/press-releases/2026/sweden-raises-eur-2-billion-in-sale-of-three-year-bond/The bid volume was EUR 8.2 billion with 81 investors participating. The final pricing was fixed at 2.837 per cent, which is 5 basis points below the euro mid-swap rate and 12.2 basis points above the German benchmark three-year bond. “Issuing foreign-currency bonds enables us to reach new investors beyond our domestic market, which this transaction confirms. The strong book building also meant that we could borrow at favourable terms,” says Johan Bergström, Head of Funding at the Debt Office. Today’s transaction is included in the Debt Office’s current funding plan, which was published on 28 May 2026. The issuance of foreign-currency bonds does not generate any foreign-currency exposure in Sweden’s central government debt, as the Debt Office uses derivatives to hedge currency risks. Terms and conditions Details Outcome Issuer Kingdom of Sweden Size EUR 2 billion Coupon 2.75 % Maturity date 2029-06-18 Price 99.753 % Yield 2.837 % Spread versus euro mid swaps -5 basis points Spread versus German benchmark 12.2 basis points Lead managers BNP Paribas, Danske Bank, SEB and Swedbank   Distribution by investor category Investor category Share of allocated volume Central Banks/Official institutions 36 % Asset Managers/Fund Managers 23 % Banks 23 % Insurance/Pension funds 13 % Hedge funds 5 %   Distribution by region Region Share of allocated volume Nordic region 39 % Rest of Europe 38 % UK 21 % Asia/Middle East 2 % Contact Johan Bergström, Head of Funding, +46 8 613 45 68 Sofia Björk, Funding Manager, +46 8 613 52 74https://www.riksgalden.se/en/press-and-publications/press-releases-and-news/press-releases/2026/sweden-raises-eur-2-billion-in-sale-of-three-year-bond/Wed, 10 Jun 2026 16:25:30 GMTPress releaseCentral Government Borrowinghttps://www.riksgalden.se/en/press-and-publications/press-releases-and-news/press-releases/2026/compliance-with-the-minimum-requirements-for-own-funds-and-eligible-liabilities--q1-2026/The quarterly report also contains a section which describes the systemically important banks’ buffers against regulatory requirements. The purpose is to describe how much of the buffer of CET1 capital that is available to cover losses before the bank is in breach of a regulatory requirement or the Pillar 2 guidance. The report also demonstrates which regulatory requirement was the most restrictive at the end of the first quarter. The Debt Office makes decisions on MREL annually. Further information about MREL and its application for Swedish institutions is available in the Debt Office’s MREL policy and on the webpage Minimum requirements for own funds and eligible liabilities (MREL). The report: Minimum requirement for own funds and eligible liabilities (MREL) – Compliance Q1 2026https://www.riksgalden.se/en/press-and-publications/press-releases-and-news/press-releases/2026/compliance-with-the-minimum-requirements-for-own-funds-and-eligible-liabilities--q1-2026/Mon, 08 Jun 2026 08:05:43 GMTPress releaseFinancial stabilityhttps://www.riksgalden.se/en/press-and-publications/publications/mrel/2026/compliance-with-the-minimum-requirements-for-own-funds-and-eligible-liabilities--q1-2026/Report: Minimum requirement for own funds and eligible liabilities (MREL) – Compliance Q1 2026https://www.riksgalden.se/en/press-and-publications/publications/mrel/2026/compliance-with-the-minimum-requirements-for-own-funds-and-eligible-liabilities--q1-2026/Mon, 08 Jun 2026 08:05:43 GMTPublicationReport – MRELhttps://www.riksgalden.se/en/press-and-publications/publications/government-debt/20262/swedens-central-government-debt-may-2026/Report: Sweden's Central Government Debt May 2026https://www.riksgalden.se/en/press-and-publications/publications/government-debt/20262/swedens-central-government-debt-may-2026/Fri, 05 Jun 2026 08:00:31 GMTPublicationReport – Government debt