Surplus for Swedish central government in November 2024

Press release 6 December 2024

Swedish central government payments resulted in a surplus of SEK 17.9 billion in November. The Debt Office’s forecast was a surplus of SEK 24.7 billion. The difference is mainly due to higher disbursements.

The primary balance was SEK 7.5 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 higher than estimated.

The Debt Office’s net lending to government agencies etc. was SEK 0.5 billion lower than forecast.

Interest payments on central government debt were SEK 0.2 billion lower than forecast.

For the twelve-month period up to the end of November 2024, central government payments resulted in a deficit of SEK 77.4 billion.

Central government debt amounted to SEK 1,055 billion at the end of November.

The outcome for December 2024 will be published on 10 January, 2025 at 8.00 a.m.

The date for publishing a new forecast on the Swedish economy and central government borrowing is 22 May 2025.

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

Budget balance

17 891

24 667

-6 776

-6 776

-77 410

Net borrowing requirement [1]

-17 891

-24 667

6 776

6 776

77 410

Primary balance [3]

-13 281

-20 749

7 468

7 468

54 086

Net lending to agencies etc. [4]

-7 277

-6 764

-513

-513

2 226

Interest payments on central government debt

2 667

2 846

-179

-179

21 097

  - Interest on loans in SEK

1 980

2 353

-373

-373

19 325

  - Interest on loans in foreign currency

525

152

373

373

3 459

  - Realised currency gains and losses

162

341

-179

-179

-1 686

[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 November 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 28 November, 2024: Central Government Borrowing - Forecast and Analysis 2024:3

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