Deficit for Swedish central government in June 2022

Press release 7 July 2022

Swedish central government payments resulted in a deficit of SEK 30.5 billion in June. It was a smaller deficit than the The Debt Office's forecast of SEK 34.3 billion. The difference is mainly explained by the Debt Office’s net lending being lower than expected.

The primary balance was SEK 2.0 billion lower than the forecast. This is mainly because tax income was SEK 6.9 billion lower than estimated. At the same time, payments from government agencies were lower than expected.

The Debt Office’s net lending to government agencies etc. was SEK 6.3 billion lower than forecast. This is due to higher deposits from Svenska Kraftnät and the Swedish Pensions Agency.

Interest payments on the central government debt were SEK 0.5 billion higher than forecast.

For the twelve-month period up to the end of June 2022, central government payments resulted in a surplus of SEK 159.9 billion.

Central government debt amounted to SEK 1 090 billion at the end of June.

The outcome for July 2022 will be published on August 5 at 8.00 a.m.

The preliminary date for publishing new forecasts for 2022–2024 is October 27.

Budget balance and central government net borrowing requirement1 (SEK million)
1The net borrowing requirement corresponds to the budget balance with opposite sign.
2Sum of monthly forecast deviations since last forecast.
3Net of the state's primary expenditure and income.
4The 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.
 OutcomeForecastDev.Acc. Dev.2Outcome 12-month
Budget balance -30 496 -34 294 3 799 -1 345 159 947
Net borrowing requirement1 30 496 34 294 -3 799 1 345 -159 947
Primary balance3 34 041 32 033 2 008 8 593 -70 380
Net lending to agencies etc.4 -12 431 -6 120 -6 311 -8 578 -102 598
Interest payments on central government debt 8 885 8 381 504 1 330 13 030
  - Interest on loans in SEK 8 707 8 834 -127 135 7 279
  - Interest on loans in foreign currency -42 -14 -27 -29 -792
  - Realised currency gains and losses 220 -439 658 1 224 6 544

Report: Sweden's Central Government Debt June 2022

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 May 24 2022: Forecast and analysis 2022:2

Press secretary

Malin Hässelblad Wennström, pressansvarig

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 secretary helps you get in touch with the right person so that you can get your questions answered quickly and easily. The press secretary can also provide you with material, answer comprehensive questions about our business and upcoming publications.

Malin Hässelbald Wennström
Mobil: 070-003 92 62
E-mail: Malin.HasselbladWennstrom@riksgalden.se
Press phone: 08-613 47 01 (office hours and occasionally in between)