Longer duration of central government debt

9 November 2017

Today the government adopted guidelines for the management of the central government debt in 2018. The decision is in accordance with the Debt Office's proposal.

The maturity of the part of the central government debt that consists of nominal borrowing in Swedish kronor is being extended by 0.3 years for the third successive year. The analyses behind the guideline decisions made in recent years show that the cost advantage of short-term borrowing has decreased.

From 2018 the present volume benchmark for instruments with more than twelve years to maturity is removed and replaced by a maturity interval for the whole of the nominal krona debt. The maturity of the nominal krona debt is to be steered towards 4.3–5.5 years.

No changes are made to the maturity of the part of the central government debt that consists of inflation-linked krona debt and foreign-currency debt. The steering of the composition of the central government debt is also left unchanged.

Forms of wording about how to calculate the cost of the central government debt are also entered in the guidelines. This is to make it simple to follow up the overall objective for the management of the central government debt.

The Government's press release and guidelines

Contact

Robert Sennerdal, press officer, +46 8 613 46 94