Surplus for Swedish central government in August 2025

Press release 5 September 2025

Swedish central government payments resulted in a surplus of SEK 42.9 billion in August. The Debt Office’s forecast was a surplus of SEK 32.6 billion. The difference is mainly due to lower net lending to government agencies etc.

The primary balance was SEK 1.3 billion higher than the forecast. At the same time, tax incomes were approximately SEK 1 billion lower than forecast.

The Debt Office’s net lending to government agencies etc. was SEK 9.8 billion lower than the forecast. The difference is mainly due to higher deposits from the Swedish Pension Agency and The Swedish Defence Materiel Administration.

Interest payments on central government debt were SEK 0.9 billion higher than the forecast.

For the twelve-month period up to the end of August 2025, central government payments resulted in a deficit of SEK 107.8 billion.

Central government debt amounted to SEK 1,102 billion at the end of August.

The outcome for September 2025 will be published on 7 October 2025 at 8.00 a.m.

The date for publishing a new forecast on the Swedish economy and central government borrowing is 27 November 2025.

Budget balance and central government net borrowing requirement [1] (SEK million)
 OutcomeForecastDeviationAcc.    Dev. [2]Outcome 12-month

Budget balance

42 864

32 574

10 290

3 105

-107 815

Net borrowing requirement [1]

-42 864

-32 574

-10 290

-3 105

107 815

Primary balance [3]

-27 972

-26 635

-1 337

-11 697

65 092

Net lending to agencies etc. [4]

-16 134

-6 289

-9 845

7 965

12 059

Interest payments on central government debt

1 242

350

891

628

30 665

  - Interest on loans in SEK

715

275

440

-612

28 113

  - Interest on loans in foreign currency

100

103

-4

94

1 369

  - Realised currency gains and losses

428

-28

455

1 146

1 183

 [1] The net borrowing requirement corresponds to the budget balance with the 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 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.

Report: Sweden's Central Government Debt August 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 22 May 2025: Central Government Borrowing - Forecast and Analysis 2025:1.

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.

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