Background & Purpose

Every year, the Swedish Parliament reviews the central bank's finances and operations to ensure it's managed properly and can fulfill its important role, especially in times of crisis. This review is crucial for public trust and financial stability.

Proposals & Debate

The Riksbank's Executive Board proposed its annual financial statements for 2024, including how its 36 million SEK profit should be handled. The Finance Committee also conducted an in-depth review of the Riksbank's crisis preparedness, assessing its ability to maintain essential functions, like public payments, during emergencies.

The Decision

The Swedish Parliament approved the Riksbank's 2024 financial report and confirmed that its leadership is cleared of responsibility for the year. They also acknowledged the Riksbank's strengthened ability to operate during crises, including ensuring public payments.

Does this affect you?

  • Swedish Taxpayers: No direct payout from the Riksbank's profit to the state treasury, meaning no immediate boost to government funds from this source.
  • Riksbank Employees and Leadership: The Executive Board and Council are granted discharge from liability, confirming their management of the central bank in 2024 was approved.
  • General Public: Can feel more secure knowing the Riksbank is actively working to ensure payment systems function even during crises.

In Practice

  • The Riksbank's 36 million SEK profit from 2024 will be added to its basic fund, not paid to the government.
  • The Riksbank's Executive Board and Council are officially cleared of any financial or operational mismanagement for 2024.
  • The Swedish Parliament formally acknowledged the National Audit Office's review of the Riksbank's annual report, concluding that matter.
  • The Riksbank will continue its work to ensure the public can make payments even during peace-time crises or heightened alert.