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

Central Government Guarantees and Lending - A Risk Analysis 2021

Publication 27 August 2021 Guarantees and Lending, Guarantees and Lending – a Risk Analysis

Debt Office Commentary: More efficient management of Swedish government agencies' international payments

Publication 28 June 2021 Debt Office Commentary

In recent years, the Debt Office has been able to reduce Swedish government agencies’ overall costs for currency conversions through better prices in the central government framework agreements for cross-border payments and the introduction of a multi-currency cash pool model for improved coordination of the agencies’ payments in foreign currencies.

A liquidity management structure as equally well-functioning and efficient as that used for Swedish kronor is now in place for agencies’ payments in other currencies using a multi-currency cash pool solution (MCCP).

Debt Office Commentary 1-2021: More efficient management of Swedish government agencies’ international payments

Sweden's Central Government Debt May 2021

Publication 7 June 2021 Report – Government debt

Central Government Debt May 2021

Press release: Surplus for Swedish central government in May 2021