Surplus for Swedish central government in November 2021
Press release 7 December 2021
Swedish central government payments resulted in a surplus of SEK 37.6 billion in November. The Debt Office's forecast was a surplus of SEK 14.6 billion. The difference is mostly explained by lower than anticipated payments from government agencies.
The primary balance was SEK 21.0 billion higher than the forecast. Tax income was just over SEK 4 billion compared to the forecast. Payments from several government agencies were lower than estimated, mainly from the Legal, Financial and Administrative Services Agency, the Swedish International Development Cooperation Agency and the Swedish National Agency for Education. The EU fee was also lower than expected.
The Debt Office’s net lending to government agencies was in line with the forecast.
Interest payments on central government debt were SEK 1.4 billion lower than estimated. The difference was due to bigger realized currency losses than expected.
For the twelve-month period up to the end of November 2021, central government payments resulted in a surplus of SEK 28.3 billion.
Central government debt amounted to SEK 1 136 billion at the end of November.
The outcome for December 2021 will be published on January 11 at 9.30 a.m.
New forecasts will be published on February 24 2022.
| The net borrowing requirement corresponds to the budget balance with opposite sign.|
| Sum of monthly forecast deviations since last forecast.|
| Net of the state's primary expenditure and income.|
| 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 is not covered by the Central government expenditure ceiling.|
|Outcome||Forecast||Deviation||Acc. Dev. ||Outcome 12-month|
|Net borrowing requirement ||-37,552||-14,642||-22,911||-40,305||-28,274|
|Primary balance ||-33,262||-12,284||-20,978||-34,997||24,400|
|Net lending to agencies etc. ||-3,949||-3,388||-560||-3,733||-62,840|
|Interest payments on central government debt||-342||1,030||-1,372||-1,575||10,166|
|- Interest on loans in SEK||1,295||1,300||-5||-24||11,919|
|- Interest on loans in foreign currency||-35||-40||5||12||-771|
|- Realised currency gains and losses||-1,602||-230||-1,372||-1,563||-983|
The monthly outcome of the central government net borrowing requirement is included in the official statistics of Sweden.
The Debt Office published their latest forecast on the Swedish economy and central government borrowing on October 27: Forecast and analysis 2021:3
The Debt Office's operations shall be characterized by an openness to the public and the media. The right of access to official business is a cornerstone of Swedish democracy.
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