Surplus for Swedish central government in October 2022
Press release 7 November 2022
Swedish central government payments resulted in a surplus of SEK 19.0 billion in October. The Debt Office's forecast was a surplus of SEK 14.0 billion. Tax incomes were slightly higher than expected, while disbursements from a number of agencies were lower. This was partially offset by the Debt Office’s net lending being higher than anticipated.
The primary balance was SEK 8.6 billion higher than the forecast. Tax incomes were SEK 3.0 billion higher than estimated. Lower disbursements from a number of agencies, such as Kammarkollegiet, and a lower EU fee also contributed to the higher balance.
The Debt Office's net lending to government agencies etc. was SEK 3.3 billion higher than forecast. This was mainly due to lower deposits from Svenska kraftnät than calculated.
Interest payments on the central government debt were SEK 0.3 billion higher than forecast.
For the twelve-month period up to the end of October 2022, central government payments resulted in a surplus of SEK 166.7 billion.
Central government debt amounted to SEK 1 044 billion at the end of October.
The outcome for November 2022 will be published on December 7 at 8.00 a.m.
| The net borrowing requirement corresponds to the budget balance with opposite sign.|
| Sum of monthly forecast deviations since last forecast.|
| Net of the state's primary expenditure and income.|
| 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||19 002||14 025||4 977||4 977||166 656|
|Net borrowing requirement1||-19 002||-14 025||-4 977||-4 977||-166 656|
|Primary balance3||10 069||18 668||-8 599||-8 599||-65 861|
|Net lending to agencies etc.4||-30 734||-34 053||3 319||3 319||-122 973|
|Interest payments on central government debt||1 663||1 360||303||303||22 177|
|- Interest on loans in SEK||-38||-353||316||316||11 628|
|- Interest on loans in foreign currency||-9||-17||8||8||-580|
|- Realised currency gains and losses||1 709||1 730||-21||-21||11 130|
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
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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