​​A government budget surplus reduced central government debt by approximately kr. 115 billion to kr. 323 billion at the end of 2022, equal to just under 12 per cent of GDP. Rising interest rate levels in 2022 meant that the average yield to maturity on nominal government bonds issued in 2022 was 1.13 per cent p.a., which is the highest level since 2013. However, the rising interest rates do not affect interest costs on that part of the central government’s nominal debt which has already been raised.​