Publications

Here you will find all our publications and reports, including our monthly report on Sweden's central government debt.

Are you looking for a particular report or publication within a certain subject area? You can filter your search results under “Areas of operation”.

Financial and Risk Policy 2022

Publication 5 January 2022 About the Debt Office, Report – Other

The policy brings together rules, frameworks and target values for managing risks that arise in the operations of the Debt Office. It also specifies certain principles for the conduct of operations. The annual review, reconsideration and adoption of this policy establish a process that ensures the policy remains up-to-date and relevant.

Financial and Risk Policy 2022

Debt Office Commentary: Public-private partnership risks being expensive and uncertain for the central government

News 23 December 2021 Publication, Debt Office Commentary

In a PPP contracting arrangement, a private enterprise is appointed – to carry out a state infrastructure project, for instance – which is then repaid by the central government. In Sweden, it has not been particularly common. One of few examples is the New Karolinska Hospital. Abroad, PPP has been more commonplace, for instance in the UK, the Netherlands and France.

 PPP advocators argue that the incentive structure in a PPP generates socioeconomic efficiencies. In a PPP, project payment is also deferred, and there is thus no near-term burden on the central government budget, which might appeal to decision-makers.  

However, potential benefits are unsure and are outweighed by the drawbacks, according to the Debt Office economists in their commentary. Transparency surrounding decisions will be impaired, and financing will be more expensive because private-sector entities have a lower credit rating than the central government. A number of conducted empirical studies also appear to support this conclusion. In the UK for example, PPP is no longer used.

The authors round off their commentary by advising the central government against using PPP. 

Read the commentary in full here