Surplus for Swedish central government in February 2022
Press release 7 March 2022
Swedish central government payments resulted in a surplus of SEK 85.6 billion in February. The Debt Office's forecast was a surplus of SEK 74.2 billion. The difference is mainly explained by higher tax income.
The primary balance was SEK 13.2 billion higher than the forecast. This is mainly due to tax income being SEK 11.2 billion higher than anticipated.
The Debt Office’s net lending to government agencies etc. was SEK 1.5 billion higher than the forecast. This is mainly due to withdrawals from the Nuclear Waste Fund and the Deposit Insurance Fund, which was partly offset by increased deposits from Svenska kraftnät.
Interest payments on central government debt were SEK 0.3 billion higher than the forecast.
For the twelve-month period up to the end of February 2022, central government payments resulted in a surplus of SEK 109.1 billion.
Central government debt amounted to SEK 1 140 billion at the end of February.
The outcome for March 2022 will be published on April 7 at 8.00 a.m.
|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.|
|Outcome||Forecast||Deviation||Acc. Dev.2||Outcome 12-month|
|Budget balance||85 556||74 175||11 382||11 382||109 140|
|Net borrowing requirement1||-85 556||-74 175||-11 382||-11 382||-109 140|
|Primary balance3||-65 926||-52 760||-13 165||-13 165||-50 708|
|Net lending to agencies etc.4||-19 308||-20 777||1 469||1 469||-60 970|
|Interest payments on central government debt||-323||-638||314||314||2 537|
|- Interest on loans in SEK||-1 272||-1 402||129||129||137|
|- Interest on loans in foreign currency||-37||-42||5||5||-882|
|- Realised currency gains and losses||987||806||181||181||3 282|
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
Press secretary, 08-613 47 01