Deficit for Swedish central government in January 2024

Press release 7 February 2024

Swedish central government payments resulted in a deficit of SEK 35.3 billion in January. This was in line with the National Debt Office’s forecast of SEK 34.9 billion.

The primary balance was SEK 0.5 billion lower than forecast. Tax revenue was SEK 6 billion higher than expected. The difference can largely be attributed to higher preliminary taxes than expected. Payments by government agencies, primarily Kammarkollegiet and the Swedish Pensions Agency, were also higher than forecast.

The National Debt Office’s net lending to government agencies etc. was SEK 0.7 billion higher than forecast.

Interest payments on central government debt were 0.9 billion lower than forecast.

For the twelve-month period up to the end of January 2024, central government payments resulted in a surplus of SEK 29 billion.

Central government debt amounted to SEK 1,103 billion at the end of January.

The outcome for February 2024 will be published on March 7, 2024 at 8.00 a.m. The date for publishing a new forecast on the Swedish economy and central government borrowing is 22 February 2024.

Budget balance and central government net borrowing requirement (SEK million)
 OutcomeForecastDev.Acc. Dev. [2]Outcome 12-month
Budget balance -35 287 -34 946 -342 -12 659 29 458
Net borrowing requirement [1] 35 287 34 946 342 12 659 -29 458
Primary balance [3] 37 729 37 182 548 22 100 -36 297
Net lending to agencies etc. [4] -2 314 -2 977 663 -9 693 -23 511
Interest payments on central government debt -128 741 -869 252 30 350
  - Interest on loans in SEK -352 555 -907 -145 20 747
  - Interest on loans in foreign currency 297 272 26 102 2 695
  - Realised currency gains and losses -74 -86 12 296 6 908
[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 Goverment Debt January 2024

More data on the central government net borrowing requirement and government debt:

Official statistics - Riksgä (

The monthly outcome of the central government net borrowing requirement is included in the official statistics of Sweden.

The National Debt Office published their latest forecast on the Swedish economy and central government borrowing on October 26, 2023: Forecast and analysis 2023:3.

Press inquiries

Mats Lilja, press officer

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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Mats Lilja, press officer
Press phone (office hours): +46(0)8-613 47 01, mobile +46(0)721-561 527
E-mail: Mats Lilja