Press release 5 February 2021
Swedish central government payments resulted in a surplus of SEK 7.7 billion in January. The Debt Office's forecast was a deficit of SEK 10.6 billion.
The primary balance was SEK 15.8 billion higher than forecasted. Tax income were approximately SEK 9 billion higher than calculated. This is partly due to higher payments than expected from municipalities to the central government in the 2019 settlement of municipal tax payments. The settlement is made between municipalities and the central government in January each year and is a final calculation of municipal tax. In addition, payments from a number of agencies, for example the universities and the Swedish National Agency for Education, were lower than expected.
The Debt Office’s net lending to government agencies etc. were SEK 1.4 billion lower than forecasted.
Interest payments on central government debt were were SEK 1.1 billion lower than calculated.
For the twelve-month period up to the end of January 2021, central government payments resulted in a deficit of SEK 209.8 billion.
Central government debt amounted to SEK 1 270 billion at the end of January.
New forecasts for 2021 and 2022 will be published on 24 February at 9.30 a.m.
The outcome for February 2021 will be published on 5 March at 9.30 a.m.
Budget balance and central government borrowing requirement (SEK million)
|1 The net borrowing requirement corresponds to the budget balance with opposite sign.
|2 Sum of monthly forecast deviations since last forecast (October 2020).
|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 which can be decided on short notice. The net lending affects the net borrowing requirement and central government debt, but are not covered by the Central government expenditure ceiling.
| ||Outcome January||Forecast January||Deviation January||Acc. Dev2||Outcome 12-month|
|Net borrowing requirement1
|Net lending to agencies etc.4
|Interest payments on central government debt
| - Interest on loans in SEK
| - Interest on loans in foreign currency
| - Realised currency gains and losses
More data on the borrowing requirement and government debt
The monthly outcome of the central government net borrowing requirement is included in the official statistics of Sweden.
Report: Central Government Debt January 2021, pdf