Surplus for Swedish central government in November 2022

Press release 7 December 2022

Swedish central government payments resulted in a surplus of SEK 36.7 billion in October. The Debt Office's forecast was a surplus of SEK 28.7 billion. Tax incomes were higher than forecasted, while disbursements from agencies were lower. This was partially offset by the Debt Office’s net lending being higher than anticipated.

The primary balance was SEK 12.7 billion higher than the forecast. Tax incomes were approximately SEK 9 billion higher than estimated. Lower disbursements from agencies, such as the Legal, Financial and Administrative Services Agency, also contributed to the higher balance.

The Debt Office's net lending to government agencies etc. was SEK 5.1 billion higher than forecasted. This was mainly due to lower deposits from Swedish national grid than calculated.

Interest payments on the central government debt were SEK 0.4 billion higher than forecast.

For the twelve-month period up to the end of November 2022, central government payments resulted in a surplus of SEK 165.8 billion.

Central government debt amounted to SEK 1 053 billion at the end of November.

The outcome for December 2022 will be published on January 10 2023 at 8.00 a.m.

Budget balance and central government net borrowing requirement (SEK million)
 OutcomeForecastDev.Acc.    Dev. 2Outcome 12-month
Budget balance 36 706 28 714 7 992 12 969 165 810
Net borrowing requirement 1 -36 706 -28 714 -7 992 -12 969 -165 810
Primary balance 3 -32 648 -19 983 -12 665 -21 264 -65 247
Net lending to agencies etc. 4 -7 888 -12 989 5 101 8 420 -126 912
Interest   payments on central government debt 3 830 4 257 -428 -125 26 349
  - Interest on loans in SEK 2 969 3 183 -215 101 13 302
  - Interest on loans in foreign currency 10 12 -2 6 -535
  - Realised currency gains and losses 851 1 062 -211 -232 13 582
 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 November 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 October 27 2022: Forecast and analysis 2022:3

Press inquiries

Mats Lilja, press officer

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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Mats Lilja, press officer
Press phone: +46(0)8-613 47 01 (mainly office hours), mobile +46(0)721-561 527
E-mail: Mats Lilja