Surplus for Swedish central government in February 2024

Press release 7 March 2024

Swedish central government payments resulted in a surplus of SEK 74.3 billion in February. The Debt Office’s forecast was a surplus of SEK 52.2 billion. The difference is due to higher tax income.

The primary balance was SEK 23.3 billion higher than forecast. The difference is due to the fact that tax income were approximately SEK 30 billion higher than estimated. The higher tax income is mainly explained by higher payments of supplementary tax. At the same time, current tax payments developed roughly as forecast. This was offset by the fact that the disbursements from a number of agencies were somewhat higher than estimated.

The Debt Office’s net lending to government agencies etc. was SEK 1.3 billion higher than forecast.

Interest payments on central government debt were in line with forecast.

For the twelve-month period up to the end of February 2024, central government payments resulted in a surplus of SEK 6 billion.

Central government debt amounted to SEK 1,012 billion at the end of February.

The outcome for March 2024 will be published on April 8, 2024 at 8.00 a.m.

Budget balance and central government net borrowing requirement (SEK million)
 OutcomeForecastDeviationAcc. Dev. [2]Outcome 12-month
Budget balance 74 295 52 236 22 060 22 060 5 797
Net borrowing requirement [1] -74 295 -52 236 -22 060 -22 060 -5 797
Primary balance [3] -76 643 -53 313 -23 330 -23 330 -28 486
Net lending to agencies etc. [4] 2 464 1 189 1 276 1 276 -6 779
Interest payments on central government debt -117 -111 -6 -6 29 467
  - Interest on loans in SEK 374 255 118 118 20 899
  - Interest on loans in foreign currency 79 145 -67 -67 2 754
  - Realised currency gains and losses -569 -511 -58 -58 5 815
[1] The net borrowing requirement corresponds to the budget balance with 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 which 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 Goverment Debt February 2024

More data 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 National Debt Office published its latest forecast on the Swedish economy and central government borrowing on February 22, 2024: Forecast and analysis 2024:1.

Press inquiries

Mats Lilja, press officer

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Mats Lilja, press officer
Press phone (office hours): +46(0)8-613 47 01, mobile +46(0)721-561 527
E-mail: Mats Lilja