Deficit for Swedish central government in April 2022
Press release 6 May 2022
Swedish central government payments resulted in a deficit of SEK 16.0 billion in April. The Debt Office's forecast was a deficit of SEK 7.4 billion. The difference is due to higher disbursements from state agencies and lower tax income than calculated.
The primary balance was SEK 11.0 billion lower than the forecast. This is because tax incomes were SEK 5.1 billion lower than calculated, while disbursements from a number of authorities, such as the Legal, Financial and Administrative Services Agency and the National Agency for Education, were higher than estimated.
The Debt Office’s net lending to government agencies etc. was SEK 3.2 billion lower than forecast. This is due to increased deposits from Svenska Kraftnät and lower lending to the Swedish Defence Material Administration.
Interest payments on the central government debt were SEK 0.7 billion higher than forecast.
For the twelve-month period up to the end of April 2022, central government payments resulted in a surplus of SEK 124.2 billion.
Central government debt amounted to SEK 1 132 billion at the end of April.
The outcome for May 2022 will be published on June 8 at 8.00 a.m.
New forecasts for 2022 and 2023 will be published on May 24 2022.
|1The net borrowing requirement corresponds to the budget balance with opposite sign.|
|2Sum of monthly forecast deviations since last forecast.|
|3Net of the state's primary expenditure and income.|
|4The 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.|
|Outcome||Forecast||Dev.||Acc. Dev.2||Outcome 12-month|
|Budget balance||-16 009||-7 448||-8 561||6 323||124 206|
|Net borrowing requirement1||16 009||7 448||8 561||-6 323||-124 206|
|Primary balance3||22 342||11 344||10 998||430||-34 603|
|Net lending to agencies etc.4||-6 493||-3 342||-3 152||-8 514||-96 169|
|Interest payments on central government debt||160||-554||715||1 761||6 565|
|- Interest on loans in SEK||-405||-1 339||934||1 616||1 287|
|- Interest on loans in foreign currency||-53||-51||-1||-93||-783|
|- Realised currency gains and losses||618||836||-218||238||6 062|
The monthly outcome of the central government net borrowing requirement is included in the official statistics of Sweden.
The Debt Office published their latest forecast on the Swedish economy and central government borrowing on February 24 2022: Forecast and analysis 2022:1