Surplus for Swedish central government in July 2024

Press release 7 August 2024

Swedish central government payments resulted in a surplus of SEK 6.4 billion in July. This was in line with the National Debt Office’s forecast of SEK 6.1 billion.

The primary balance was SEK 3.2 billion higher than forecast. The difference can primarily be attributed to lower payments than expected from a number of agencies. Furthermore, tax revenues were SEK 1 billion higher than forecast.

The National Debt Office’s net lending to government agencies etc. was SEK 3.2 billion higher than forecast. This was primarily due to lower than expected deposits.
Interest payments on central government debt were in line with the forecast.

For the twelve-month period up to the end of July 2024, central government payments resulted in a deficit of SEK 39 billion.

Central government debt amounted to SEK 1,046 billion at the end of July.

The outcome for August 2024 will be published on September 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)
 OutcomeForecastDeviationAcc.Dev. [2]Outcome 12-month
Budget balance 6 443 6 093 350 -10 837 -38 983
Net borrowing requirement [1] -6 443 -6 093 -350 10 837 38 983
Primary balance [3] -1 066 2 085 -3 151 11 630 19 526
Net lending to agencies etc. [4] -5 098 -8 252 3 153 -145 -5 855
Interest payments on central government debt -278 75 -353 -648 25 313
  - Interest on loans in SEK -680 -305 -375 -502 22 079
  - Interest on loans in foreign currency 3 147 -143 325 3 230
  - Realised currency gains and losses 399 233 165 -471 3
[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 July 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