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Deficit for Swedish central government in April 2025
Press release 8 May 2025
Swedish central government payments resulted in a deficit of SEK 42.2 billion in April. The Debt Office’s forecast from November last year was a deficit of SEK 27.7 billion. The difference is primarily due to lower tax incomes and higher net lending to government agencies.
The primary balance was SEK 7.0 billion weaker than forecast. Tax incomes were approximately SEK 7 billion lower than calculated, which mainly was due to higher refunds. Other agency payments developed roughly as forecast.
The Debt Office’s net lending to government agencies etc. were SEK 6.2 billion higher than forecast. The difference is mainly due to reduced deposits from the Swedish Pensions Agency.
Interest payments on central government debt were SEK 1.3 billion higher than forecast.
For the twelve-month period up to the end of April 2025, central government payments resulted in a deficit of SEK 108.5 billion.
Central government debt amounted to SEK 1,177.6 billion at the end of April.
The outcome for May 2025 will be published on 9 June, 2025 at 8.00 a.m.
The date for publishing a new forecast on the Swedish economy and central government borrowing is 22 May 2025.
| Outcome | Forecast | Deviation | Acc. Dev. [2] | Outcome 12-month | |
|---|---|---|---|---|---|
|
Budget balance |
-42 189 |
-27 704 |
-14 485 |
-19 289 |
-108 454 |
|
Net borrowing requirement [1] |
42 189 |
27 704 |
14 485 |
19 289 |
108 454 |
|
Primary balance [3] |
41 168 |
34 193 |
6 975 |
5 600 |
67 856 |
|
Net lending to agencies etc. [4] |
1 026 |
-5 177 |
6 203 |
14 193 |
19 478 |
|
Interest payments on central government debt |
-6 |
-1 313 |
1 307 |
-503 |
21 120 |
|
- Interest on loans in SEK |
-1 254 |
-1 596 |
342 |
627 |
17 878 |
|
- Interest on loans in foreign currency |
-252 |
230 |
-482 |
-265 |
2 076 |
|
- Realised currency gains and losses |
1 500 |
53 |
1 447 |
-865 |
1 166 |
|
[1] The net borrowing requirement corresponds to the budget balance with the 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 that 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 April 2025
Official statistics on the central government net 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 its latest forecast on the Swedish economy and central government borrowing on 28 November, 2024: Central Government Borrowing - Forecast and Analysis 2024:3.
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