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Deficit for Swedish central government in October 2023
Press release 7 November 2023
Swedish central government payments resulted in a deficit of SEK 0,7 billion in October. The Debt Office's forecast was a deficit of SEK 4 billion. The difference is mainly due to lower net lending.
The primary balance was SEK 0.7 billion lower than the forecast. This is mainly due to lower tax revenues of approximately SEK 2 billion compared to the forecast. This is mainly explained by lower supplementary payments and VAT. The lower tax revenues were partially offset by lower payments from, among others, the Swedish Board of Agriculture.
The Debt Office’s net lending to government agencies etc. was SEK 4.6 billion lower than forecasted. This is mainly due to a lower than expected lending to, among others, The Swedish Defense Materiel Administration.
Interest payments on the central government debt were SEK 0.7 billion higher than forecast. This is due to higher currency losses.
For the twelve-month period up to the end of October 2023, central government payments resulted in a surplus of SEK 48.8 billion.
Central government debt amounted to SEK 988 billion at the end of October.
The outcome for November 2023 will be published on December 7, 2023 at 8.00 a.m.
The date for publishing a new forecast on the Swedish economy and central government borrowing is February 22 2024.
| Outcome | Forecast | Deviation | Acc. Dev. [2] | Outcome 12-month | |
|---|---|---|---|---|---|
|
Budget balance |
-717 |
-3 951 |
3 234 |
3 234 |
48 801 |
|
Net borrowing requirement [1] |
717 |
3 951 |
-3 234 |
-3 234 |
-48 801 |
|
Primary balance [3] |
9 057 |
8 323 |
734 |
734 |
-59 611 |
|
Net lending to agencies etc. [4] |
-9 247 |
-4 598 |
-4 649 |
-4 649 |
-20 658 |
|
Interest payments on central government debt |
906 |
226 |
680 |
680 |
31 467 |
|
- Interest on loans in SEK |
217 |
213 |
4 |
4 |
18 869 |
|
- Interest on loans in foreign currency |
224 |
217 |
7 |
7 |
1 670 |
|
- Realised currency gains and losses |
466 |
-204 |
670 |
670 |
10 929 |
|
[1] The net borrowing requirement corresponds to the budget balance with opposite sign. |
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|
[2] Sum of monthly forecast deviations since last forecast. |
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|
[3] Net of the state's primary expenditure and income. |
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|
[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. |
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Report: Sweden's Central Government Debt October 2023
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 26, 2023: Forecast and analysis 2023:3.
Press inquiries
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 officer helps you get in touch with the right person so that you can get your questions answered quickly and easily. He can also provide you with material, answer comprehensive questions about our business and upcoming publications.
Mats Lilja, press officer
Press phone (office hours): +46(0)8-613 47 01, mobile +46(0)721-561 527
E-mail: Mats Lilja