Test av tabell

CENTRAL GOVERNMENT

BORROWING REQUIREMENT AND

March

12-month

Debt outstanding

DEBT (SEK million) 1)

2002

2003

March 31, 2003

Net borrowing requirement 2)

1749

6989

36693

Primary borrowing requirement

-2615

2321

-27406

Interest payments

4364

4668

64099

- Interest on loans in SEK

4108

2200

32492

- Interest on loans in foreign currency

687

865

20888

- Realised currency gains and losses

-431

1603

10719

Debt adjustments 3)

-

-207

-

Valuation reserve, currency

-

251

-

Difference cash-flow and trade date accounting 4)

-

-4 615

-

Short-term investments

-

-2316

-

Change in Central Government Debt

-

4466

-

1221628

Nominal loans denominated in SEK

-

16464

-

703325

Inflation-linked loans denominated in SEK

-

1001

-

163780

Loans denominated in foreign currency

-

-12999

-

354524

1) The definition of the government debt was changed at the turn of the year 2002-2003. Accordingly during 2003 it is not meaningful to

compare with the change in debt the same month the year before or to calculate 12-month figures.

2) A negative borrowing requirement indicates a net cash inflow, i.e. a surplus in the government's cash flow over the period.

3) Under the heading Debt adjustments transactions that change the debt without affecting the borrowing requirement are reported.

These include changes in the market values of foreign currency loans, payments in connection with redemption of lottery bonds

and temporary bookkeeping transactions.

4) The SNDO uses trade date accounting, which means that transactions affect the debt on the trade date. The borrowing

requirement, on the other hand, is measured in cash-flow terms and is thus not affected until payments have been made.