At riksgalden.se, we use cookies to improve your experience on our website and to collect statistics. We also use cookies for analyzing to improve our website. More about cookies.
Surplus for Swedish central government in November 2025
Press release 5 December 2025
Swedish central government payments resulted in a surplus of SEK 4.5 billion in November. The Debt Office’s forecast was a surplus of SEK 12.1 billion. The difference is mainly due to lower tax incomes.
The primary balance was SEK 6.6 billion lower than the forecast. The difference is mainly due to the fact that tax incomes were approximately SEK 5 billion lower than forecast.
The Debt Office’s net lending to government agencies etc. was SEK 1.0 billion higher than the forecast.
Interest payments on central government debt were in line with the forecast.
For the twelve-month period up to the end of November 2025, central government payments resulted in a deficit of SEK 101.4 billion.
Central government debt amounted to SEK 1,217 billion at the end of November.
The outcome for December 2025 will be published on 12 January 2026 at 8.00 a.m.
The date for publishing a new forecast on the Swedish economy and central government borrowing is 28 May 2026.
| Outcome | Forecast | Deviation | Acc. Dev. [2] | Outcome 12-month | |
|---|---|---|---|---|---|
|
Budget balance |
4 476 |
12 067 |
-7 590 |
-7 590 |
-101 364 |
|
Net borrowing requirement [1] |
-4 476 |
-12 067 |
7 590 |
7 590 |
101 364 |
|
Primary balance [3] |
-3 359 |
-9 969 |
6 611 |
6 611 |
63 300 |
|
Net lending to agencies etc. [4] |
-4 466 |
-5 493 |
1 027 |
1 027 |
7 305 |
|
Interest payments on central government debt |
3 348 |
3 396 |
-47 |
-47 |
30 759 |
|
- Interest on loans in SEK |
3 151 |
3 459 |
-308 |
-308 |
30 060 |
|
- Interest on loans in foreign currency |
174 |
22 |
152 |
152 |
316 |
|
- Realised currency gains and losses |
24 |
-86 |
109 |
109 |
383 |
|
[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 November 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 27 November 2025: Central Government Borrowing - Forecast and Analysis 2025:2.
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