Proposed guidelines for central government debt management


The Swedish National Debt Office submits an annual proposal for central government debt management. This year we are not proposing any changes in the current guidelines.
 
Accordingly, the proposal has the following target shares for the central government debt
 
  •         Foreign currency debt 15 per cent
  •         Inflation-linked debt 25 per cent
  •         Nominal krona debt 60 per cent

  • The amortisation rate of the foreign currency debt in the proposal is SEK 40 billion with a possible deviation interval of SEK ±15 billion during 2008.
     
    The benchmark for central government debt should be 4.8 years by end-2008.
     
    Central government debt will decrease rapidly over the next few years due to the large expected budget surpluses. This will of course affect our operations.
     
    The Debt Office will issue smaller volumes of government securities. Our assessment is that we will concentrate on nominal krona bonds.
     
    The complete proposal is available at www.riksgalden.se

    For further information, please contact:
     
    Bo Lundgren, Director General, phone: +46 8 613 45 00
    Erik Zetterström, Head of analysis, phone: +46 8 613 46 49
    Mats Filipsson, Deputy Head of Risk Management, phone: +46 8 613 47 19

    Attachments

    Proposed guidelines 2008-2010