SEB Nordic Outlook

Sweden: budget deficit is declining despite more fiscal measures Sweden: Central government budget balance SEK bn 56 56 200 175 150 125 100 75 50 25 0 2019 2020 2021 Sweden: Central government debt % of GDP 50 150 - 100 45 50 40 40 0 35 -50 30 -100 25 -150 20 -200 15 -250 2022 - ■Deviation from NDO's forecast (LHS) Forecast, National Debt Office (RHS) - Actual (RHS) SEB Nordic Outlook 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 - Total-Ex relending to the Riksbank SEB

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