This study examines the Swedish defense bill from 2015 to work out if the content can be considered as an official national security strategy of Sweden and if it can be considered a balanced strategy.  The main conclusion of the study is that the defense bill contains information about the basic strategic components of ends, means, ways and context at the security strategy level. What is lacking is an analysis of the means available to Sweden. The study find that the strategy of the bill contains the elements of a security strategy. There is need of descriptions and analysis of the Swedish interior strategic context as well as the political, diplomatic, economic and strategic communications means available, and how they are to be deployed by the Swedish government to produce desired ends. The balance between end, ways, means and context in the Swedish security strategy is varying from reasonably good to non-existing, depending on the measured area.