Surplus for Swedish central government in March 2022

Press release 7 April 2022

Swedish central government payments resulted in a surplus of SEK 23.4 billion in March. The Debt Office's forecast was a surplus of SEK 19.9 billion. The difference is mainly explained by the Debt Office’s net lending being lower than expected. At the same time, both tax income and payments from government agencies were higher than anticipated.

The primary balance was SEK 2.6 billion lower than the forecast. Tax income was SEK 10.1 billion higher than anticipated. At the same time, payments from several government agencies were higher than expected, mainly from the Legal, Financial and Administrative Services Agency, the Public Health Agency and the National Board of Health and Welfare.

The Debt Office’s net lending to government agencies etc. was SEK 6.8 billion lower than the forecast. This is mainly due to increased deposits from Svenska kraftnät.

Interest payments on central government debt were SEK 0.7 billion higher than the forecast.

For the twelve-month period up to the end of March 2022, central government payments resulted in a surplus of SEK 123.3 billion.

Central government debt amounted to SEK 1 109 billion at the end of March.

The outcome for April 2022 will be published on May 6 at 8.00 a.m.

The preliminary date for publishing new forecasts is May 24 2022.

Budget balance and central government net borrowing requirement (SEK million)
 OutcomeForecastDeviationAcc.Dev. [2]Outcome 12-month
Budget balance 23,380 19,878 3,502 14,884 123,313
Net borrowing requirement [1] -23,380 -19,878 -3,502 -14,884 -123,313
Primary balance [3] 15,157 12,560 2,597 -10,568 -34,053
Net lending to agencies etc. [4] -41,343 -34,512 -6,832 -5,362 -95,155
Interest payments on central government debt 2,806 2,074 732 1,047 5,895
  - Interest on loans in SEK 1,051 499 553 682 1,167
  - Interest on loans in foreign currency -53 44 -96 -92 -779
  - Realised currency gains and losses 1,808 1,532 276 456 5,508
 [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.

Report: Sweden's Central government debt March 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 February 24 2022: Forecast and analysis 2022:1


Press contact +46 8 613 47 01,