Deficit for Swedish central government in September 2024

Press release 7 October 2024

Swedish central government payments resulted in a deficit of SEK 29.4 billion in September. The Debt Office’s forecast was a deficit of SEK 12.7 billion. The difference is mainly due to the payment of the capital contribution to the Riksbank.

The primary balance was SEK 18.5 billion lower than forecast. The difference is mainly due to the payment of the capital contribution to the Riksbank amounting to SEK 25 billion being made in September. In the forecast published in May, the Debt Office assumed that this payment would occur in November. At the same time, tax income in September was approximately SEK 9 billion higher than forecast.

The Debt Office’s net lending to government agencies etc. was SEK 2.1 billion lower than forecast.

Interest payments on central government debt were SEK 0.4 billion higher than forecast.

For the twelve-month period up to the end of September 2024, central government payments resulted in a deficit of SEK 61.5 billion.

Central government debt amounted to SEK 1,038 billion at the end of September.

The outcome for October 2024 will be published on 7 November, 2024 at 8.00 a.m.

The date for publishing a new forecast on the Swedish economy and central government borrowing is 28 November 2024.

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

Budget balance

-29 409

-12 663

-16 746

-31 971

-61 495

Net borrowing requirement [1]

29 409

12 663

16 746

31 971

61 495

Primary balance [3]

34 340

15 865

18 475

34 959

49 495

Net lending to agencies etc. [4]

-8 218

-6 081

-2 137

-2 650

-11 456

Interest payments on central government debt

3 287

2 879

408

-338

23 456

  - Interest on loans in SEK

2 874

2 580

294

-368

22 182

  - Interest on loans in foreign currency

291

183

108

588

3 437

  - Realised currency gains and losses

122

116

6

-558

-2 163

[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 September 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 Debt Office published its latest forecast on the Swedish economy and central government borrowing on 30 May, 2024: Central Government Borrowing - Forecast and Analysis 2024:2.

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