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Deficit for Swedish central government in October 2025
Press release 7 marraskuuta 2025
Swedish central government payments resulted in a deficit of SEK 17.4 billion in October. The Debt Office’s forecast was a deficit of SEK 18 billion.
The primary balance was SEK 2.5 billion lower than the forecast. The difference is mainly due to larger than expected payments from government agencies. Tax incomes, however, were approximately SEK 4 billion higher than forecast.
The Debt Office’s net lending to government agencies etc. was SEK 3.2 billion lower than the forecast. The difference is mainly due to higher deposits from the Swedish National Grid.
Interest payments on central government debt were SEK 0.1 billion lower than forecast.
For the twelve-month period up to the end of October 2025, central government payments resulted in a deficit of SEK 87.9 billion.
Central government debt amounted to SEK 1,141 billion at the end of October.
The outcome for October 2025 will be published on 5 December 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.
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[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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| Outcome | Forecast | Dev. | Acc. Dev. [2] | Outcome 12-month | |
|---|---|---|---|---|---|
|
Budget balance |
-17 367 |
-18 027 |
660 |
2 836 |
-87 949 |
|
Net borrowing requirement [1] |
17 367 |
18 027 |
-660 |
-2 836 |
87 949 |
|
Primary balance [3] |
26 405 |
23 939 |
2 466 |
2 063 |
53 378 |
|
Net lending to agencies etc. [4] |
-8 083 |
-4 857 |
-3 226 |
-5 563 |
4 493 |
|
Interest payments on central government debt |
-954 |
-1 055 |
100 |
664 |
30 078 |
|
- Interest on loans in SEK |
-662 |
-712 |
49 |
-108 |
28 890 |
|
- Interest on loans in foreign currency |
-223 |
-341 |
118 |
-68 |
667 |
|
- Realised currency gains and losses |
-69 |
-2 |
-67 |
840 |
522 |
Report: Sweden’s Central Government Debt October 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

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