Deficit for Swedish central government in June 2022
Press release 7 July 2022
Swedish central government payments resulted in a deficit of SEK 30.5 billion in June. It was a smaller deficit than the The Debt Office's forecast of SEK 34.3 billion. The difference is mainly explained by the Debt Office’s net lending being lower than expected.
The primary balance was SEK 2.0 billion lower than the forecast. This is mainly because tax income was SEK 6.9 billion lower than estimated. At the same time, payments from government agencies were lower than expected.
The Debt Office’s net lending to government agencies etc. was SEK 6.3 billion lower than forecast. This is due to higher deposits from Svenska Kraftnät and the Swedish Pensions Agency.
Interest payments on the central government debt were SEK 0.5 billion higher than forecast.
For the twelve-month period up to the end of June 2022, central government payments resulted in a surplus of SEK 159.9 billion.
Central government debt amounted to SEK 1 090 billion at the end of June.
The outcome for July 2022 will be published on August 5 at 8.00 a.m.
The preliminary date for publishing new forecasts for 2022–2024 is October 27.
|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||-30 496||-34 294||3 799||-1 345||159 947|
|Net borrowing requirement1||30 496||34 294||-3 799||1 345||-159 947|
|Primary balance3||34 041||32 033||2 008||8 593||-70 380|
|Net lending to agencies etc.4||-12 431||-6 120||-6 311||-8 578||-102 598|
|Interest payments on central government debt||8 885||8 381||504||1 330||13 030|
|- Interest on loans in SEK||8 707||8 834||-127||135||7 279|
|- Interest on loans in foreign currency||-42||-14||-27||-29||-792|
|- Realised currency gains and losses||220||-439||658||1 224||6 544|
Report: Sweden's Central Government Debt June 2022
More data on the 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 their latest forecast on the Swedish economy and central government borrowing on May 24 2022: Forecast and analysis 2022:2
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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