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Our mandate and work
The Swedish National Debt Office is the central government financial manager. We play an important role within central government, on financial markets and, consequently, in the national economy.
Our assignment
Briefly on the National debt office:
- providing banking services for the central government
- raising loans and managing central government debt
- providing state guarantees and loans
- securing the financing of nuclear waste management
- being responsible for the deposit insurance and investor protection schemes
- managing government support for banks
The Debt office in numbers
Turnover of central government payments per year: approx. SEK 8,000 billion
Employees: about 200
Appropriation: SEK 330.5 million (SEK)
We are a public authority responsible to the Ministry of Finance. The Government appoints our board and our Director General.
Our Swedish legal name is Riksgäldskontoret but we refer to ourselves as Riksgälden. In English, the Swedish National Debt Office.
The Debt Office is governed by acts, ordinances and guidelines from the Riksdag (Swedish Parliament) and the Swedish Government. We also decide on our own policies and the guidelines governing our work.
Our overall objective
The overall objective of the Debt Office is to minimise the costs of central government financial management without taking excessive risks. Our work helps to ensure that taxpayers’ money is used as efficiently as possible and that the financial system remains stable.
Our vision
Our vision is to make the Debt Office a role model in Sweden as well as internationally.
Deep knowledge in finance
Our core competence is economics and financial economics with a focus on debt management, liquidity management, forecasts, financial stability and credit risk assessments. Our support functions are legal, back office, HR, IT, finance, support and communication. Risk and security management is also essential for the Debt Office.
The foundation of the business is different IT systems with high robustness and security. Therefore, almost every third employee works in IT.