Debt facts

  • Central government debt is SEK 1,399 billion (2016-01-29). 
  • The debt is around 36 per cent of GDP (2014-12-31), a reduction from almost 80 per cent in 1995. 
  • Interest payments on the central government debt were SEK 17 billion in 2013.  
  • The central government budget showed a deficit of SEK 131 billion in 2013. 
  • The debt is around SEK 122,000 per Swede.
  • Around 5 per cent is retail borrowing, mostly in lottery bonds.

What is the central government debt?

The central government debt is the overall deficit and surplus in the central government’s budget over time. The Debt Office borrows money on behalf of the Government when there is a deficit in the central government budget and amortises on the central government debt when there is a surplus. We also renew loans when they mature.

Who loans money to the government?

We borrow by selling instruments of debt, mostly government bonds. Many people think that we take out loans with banks or other governments, but this is not the case.
 
The lenders are those who buy the bonds. They might be, for example, pension funds, insurance companies, banks, central banks and private individuals, both Swedish and foreign.

How is the central government debt managed?

The Government sets overall guidelines for how the central government debt is to be managed. The Debt Office has the task of managing the central government debt at the lowest possible interest costs while at the same time taking into account the risks in the debt.

The Swedish parliament, the Riksdag, carries out an annual evaluation of the Government’s guidelines and how well the Debt Office has managed the central government debt.