Deficit for Swedish central government in June 2025

Press release 7 heinäkuuta 2025

Swedish central government payments resulted in a deficit of SEK 81.7 billion in June. The Debt Office’s forecast was a deficit of SEK 49.2 billion. The difference is mainly due to higher net lending to government agencies etc.

The primary balance was SEK 10.3 billion lower than the forecast. The difference is mainly due to tax income being approximately SEK 16 billion lower than expected. Incoming payments of tax were lower and outgoing payments from tax accounts were higher, both to roughly the same extent.

The Debt Office’s net lending to government agencies etc. was SEK 22.7 billion higher than the forecast. The difference is mainly due to lower deposits from the Swedish Pensions Agency.

Interest payments on central government debt were SEK 0.5 billion lower than the forecast.

For the twelve-month period up to the end of June 2025, central government payments resulted in a deficit of SEK 129.4 billion.

Central government debt amounted to SEK 1,171 billion at the end of June.

The outcome for July 2025 will be published on 7 August 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

-81 722

-49 151

-32 571

-31 145

-129 388

Net borrowing requirement [1]

81 722

49 151

32 571

31 145

129 388

Primary balance [3]

51 049

40 718

10 331

15 635

75 983

Net lending to agencies etc. [4]

16 392

-6 356

22 748

16 211

22 900

Interest payments on central government debt

14 281

14 789

-508

-701

30 505

  - Interest on loans in SEK

14 034

14 634

-600

-755

28 440

  - Interest on loans in foreign currency

140

84

56

233

1 675

  - Realised currency gains and losses

107

72

35

-179

390

[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 June 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