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Surplus for Swedish central government in October 2021
Press release 5 November 2021
Swedish central government payments resulted in a surplus of SEK 3.3 billion in October. The Debt Office's forecast was a deficit of SEK 14.1 billion. The difference is explained by lower than anticipated payments from government agencies and net lending by the Debt Office.
The primary balance was SEK 14 billion higher than the forecast. Tax income was in line with the forecast. Payments from several government agencies were lower than estimated, mainly from the Legal, Financial and Administrative Services Agency, the institutions for higher education and the Swedish International Development Cooperation Agency. The EU fee was also lower than expected.
The Debt Office’s net lending to government agencies was SEK 3.2 billion lower than the forecast. This is due to both lower lending and higher deposits than estimated.
Interest payments on central government debt were in line with the forecast.
For the twelve-month period up to the end of October 2021, central government payments resulted in a surplus of SEK 31.1 billion.
Central government debt amounted to SEK 1 146 billion at the end of October.
The outcome for November 2021 will be published on December 7 at 9.30 a.m.
New forecasts will be published on February 24 2022.
| [1] The net borrowing requirement corresponds to the budget balance with 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 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. [2] | Outcome 12-month | |
|---|---|---|---|---|---|
| Budget balance | 3 274 | -14 120 | 17 394 | 17 394 | 31 105 |
| Net borrowing requirement [1] | -3 274 | 14 120 | -17 394 | -17 394 | -31 105 |
| Primary balance [3] | 17 917 | 31 936 | -14 019 | -14 019 | 36 978 |
| Net lending to agencies etc. [4] | -19 695 | -16 523 | -3 172 | -3 172 | -82 137 |
| Interest payments on central government debt | -1 497 | -1 294 | -203 | -203 | 14 053 |
| - Interest on loans in SEK | -2 018 | -1 829 | -189 | -189 | 14 076 |
| - Interest on loans in foreign currency | -39 | -46 | 7 | 7 | -786 |
| - Realised currency gains and losses | 560 | 581 | -21 | -21 | 764 |
Report: Central Government Debt October 2021
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.
The Debt Office published their latest forecast on the Swedish economy and central government borrowing on October 27: Forecast and analysis 2021:3
Press inquiries
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.
Our press officer helps you get in touch with the right person so that you can get your questions answered quickly and easily. He can also provide you with material, answer comprehensive questions about our business and upcoming publications.
Mats Lilja, press officer
Press phone (office hours): +46(0)8-613 47 01, mobile +46(0)721-561 527
E-mail: Mats Lilja