Safe haven in a                                       challenging world                                       SWEDEN – FRO...
GDP growth 1990-2013                 Percent                8.0                6.0                4.0                2.0  ...
Central Government Debt 1990-2013                 Percent                 90                 80                 70        ...
Reforms to increase stability and growth    Reforms on monetary and fiscal policy frameworks together with deregulations  ...
Reforms to increase stability and growth cont’d    Reforms on monetary and fiscal policy frameworks together with deregula...
Households’ debt, assets, housing expenditures    and savings               SEK bn                                        ...
Gross borrowing in the capital market               SEK bn               120               100                 80         ...
Net borrowing requirement               SEK bn                 20                 10                   0                -1...
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Presentation Bo Lundgren Tokyo 7-8 maj 2012

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Transcript of "Presentation Bo Lundgren Tokyo 7-8 maj 2012"

  1. 1. Safe haven in a challenging world SWEDEN – FROM CRISIS TO SUCCESS Bo Lundgren Director General Tokyo, May, 20121 2012-05-07 Investor presentation
  2. 2. GDP growth 1990-2013 Percent 8.0 6.0 4.0 2.0 0.0 -2.0 -4.0 -6.02 2012-05-07 Investor presentation
  3. 3. Central Government Debt 1990-2013 Percent 90 80 70 60 50 40 30 20 10 0 Central Government Debt Debt incl. on-lending3 2012-05-07 Investor presentation
  4. 4. Reforms to increase stability and growth Reforms on monetary and fiscal policy frameworks together with deregulations and pension reforms have created a stable economic and budgetary environment • Medium-term budgetary framework – Budgetary framework established in 1997 and strengthened in 2011… – ...targeting an average surplus of 1 per cent of GDP for the general Government over the business cycle with close monitoring of spending... – …ceiling for government spending decided each year in advance by the Parliament • The Swedish central bank – The Riksbank – has an independent standing with a price stability objective4 2012-05-07 Investor presentation
  5. 5. Reforms to increase stability and growth cont’d Reforms on monetary and fiscal policy frameworks together with deregulations and pension reforms have created a stable economic and budgetary environment • Pension reform established – Pensions now linked to life-long income – Defined contributions as a complement – The new system is robust to changes in overall income growth and demographics • Deregulation of product markets – Telecom – Transportation – Electricity – Labour market reform5 2012-05-07 Investor presentation
  6. 6. Households’ debt, assets, housing expenditures and savings SEK bn % of disposable income 600 15 500 10 400 5 300 0 200 -5 100 -10 0 -15 1970 1974 1978 1982 1986 1990 1994 1998 2002 2006 2010 2014 Total wealth, excluding collective insurance Financial wealth, excluding housing and collective insurance Debt Housing expenditure Financial balance, excluding collective and real saving (right axis)6 2012-05-07 Investor presentation
  7. 7. Gross borrowing in the capital market SEK bn 120 100 80 60 40 20 0 2011 2012 2013 Bonds in foreign currencies Inflation-linked bonds Government bonds7 2012-05-07 Investor presentation
  8. 8. Net borrowing requirement SEK bn 20 10 0 -10 -20 -30 -40 -50 -60 -70 -80 2011 2012 20138 2012-05-07 Investor presentation

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