Deficit in the State Budget Next Year

This means that the Swedish national debt will increase measured in kronor, but will still remain at a historically low level, the agency writes in a press release.

"With a budget deficit combined with a couple of larger bond loans falling due next year, we need to increase borrowing. But seen over the next two years, the budget balance will still gradually strengthen and Sweden will have a continued low national debt", says National Debt Office Director Karolina Ekholm in a comment.

The budget deficit is expected to amount to 78 billion kronor in 2024, 65 billion in 2025 and 35 billion in 2026.

This year's deficit is mainly due to broad expenditure increases and an additional allocation to the Swedish Central Bank, according to the National Debt Office. The period of deficit follows after three years of surplus.