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Surplus for Swedish central government in August 2022
Press release 7 September 2022
Swedish central government payments resulted in a surplus of SEK 44.5 billion in August. The Debt Office's forecast was a surplus of SEK 28.7 billion. The higher than expected budget balance is primarily explained by the Debt Office’s net lending being lower than anticipated. At the same time, payments related to the EU fee and payments from some government agencies were also lower.
The primary balance was SEK 5.7 billion higher than the forecast. Payments related to the EU fee and payments from a number of government agencies were lower than expected. Among the government agencies, it was mainly the Legal, Financial and Administrative Services Agency and Sida that displayed lower payments. Tax income was slightly higher than expected, SEK 0.7 billion.
The Debt Office’s net lending to government agencies etc. was SEK 11.6 billion lower than forecast. This is due to higher deposits from Svenska Kraftnät.
Interest payments on the central government debt were SEK 1.5 billion higher than forecast. The difference is mainly explained by higher currency losses.
For the twelve-month period up to the end of August 2022, central government payments resulted in a surplus of SEK 168.3 billion.
Central government debt amounted to SEK 1 071 billion at the end of August.
The outcome for September 2022 will be published on October 7 at 8.00 a.m.
The date for publishing new forecasts for 2022–2024 is October 27.
| Outcome | Forecast | Deviation | Acc. Dev.2 | Outcome 12-month | |
|---|---|---|---|---|---|
| Budget balance | 44 502 | 28 703 | 15 799 | 30 410 | 168 331 |
| Net borrowing requirement1 | -44 502 | -28 703 | -15 799 | -30 410 | -168 331 |
| Primary balance3 | -29 650 | -23 979 | -5 672 | -6 843 | -61 301 |
| Net lending to agencies etc.4 | -16 155 | -4 551 | -11 603 | -27 480 | -122 836 |
| Interest payments on central government debt | 1 303 | -173 | 1 476 | 3 913 | 15 806 |
| - Interest on loans in SEK | -163 | -378 | 214 | 675 | 8 666 |
| - Interest on loans in foreign currency | -34 | -65 | 31 | 4 | -773 |
| - Realised currency gains and losses | 1 501 | 270 | 1 231 | 3 234 | 7 912 |
| 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. | |||||
Report: Sweden's Central Government Debt August 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
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Mats Lilja, press officer
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