Surplus for Swedish central government in July 2022

Press release 5 August 2022

Swedish central government payments resulted in a surplus of SEK 15.4 billion in July. The Debt Office's forecast was a deficit of SEK 0.5 billion. The difference is mainly due to higher tax income and the Debt Office’s net lending being lower than expected.

The primary balance was SEK 9.8 billion higher than the forecast. This is mainly because tax income was SEK 6.6 billion higher than estimated. At the same time, payments from several government agencies were lower than expected.

The Debt Office’s net lending to government agencies etc. was SEK 7.3 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 1.1 billion higher than forecast. The difference is mainly explained by higher currency losses.

For the twelve-month period up to the end of July 2022, central government payments resulted in a surplus of SEK 167.3 billion.

Central government debt amounted to SEK 1 075 billion at the end of July.

The outcome for August 2022 will be published on September 7 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 requirement (SEK million)
 OutcomeForecastDeviationAcc. Dev.2Outcome 12-month
Budget balance 15 433 -523 15 956 14 612 167 257
Net borrowing requirement1 -15 433 523 -15 956 -14 612 -167 257
Primary balance3 -3 128 6 636 -9 765 -1 172 -68 076
Net lending to agencies etc.4 -12 923 -5 625 -7 299 -15 877 -112 897
Interest payments on central government debt 619 -488 1 107 2 437 13 716
  - Interest on loans in SEK -24 -350 326 461 7 480
  - Interest on loans in foreign currency -46 -47 1 -27 -788
  - Realised currency gains and losses 689 -91 780 2 004 7 024
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 July 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

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 Hasselblad Wennström
Mobil: 076-003 92 62
E-mail: Malin Hasselblad Wennström
Press phone: 08-613 47 01 (office hours and occasionally in between)