Surplus for Swedish central government in August 2024

Press release 6 September 2024

Swedish central government payments resulted in a surplus of SEK 34.9 billion in August. The Debt Office’s forecast was a surplus of SEK 39.3 billion. The difference is mainly due to higher disbursements.

The primary balance was SEK 4.9 billion lower than forecast. The difference is mainly due to the fact that disbursements from a number of different agencies were higher than expected. At the same time, tax incomes were approximately SEK 1 billion lower than estimated.

The National Debt Office’s net lending to government agencies etc. was SEK 0.4 billion lower than forecast.

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

For the twelve-month period up to the end of August 2024, central government payments resulted in a deficit of SEK 38 billion.

Central government debt amounted to SEK 1,007 billion at the end of August.

The outcome for September 2024 will be published on October 6, 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) 
 OutcomeForecastDev.Acc. Dev. [2]Outcome 12-month

Budget balance

34 917

39 305

-4 388

-15 225

-38 369

Net borrowing requirement [1]

-34 917

-39 305

4 388

15 225

38 369

Primary balance [3]

-28 462

-33 316

4 854

16 484

22 168

Net lending to agencies etc. [4]

-7 062

-6 695

-367

-513

-7 895

Interest payments on central government debt

607

705

-99

-746

24 096

  - Interest on loans in SEK

113

274

-161

-662

21 924

  - Interest on loans in foreign currency

402

247

155

480

3 432

  - Realised currency gains and losses

92

185

-92

-564

-1 259

 [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 Government Debt August 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 May 30, 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.

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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