Kommuninvest Investor Presentation
Kommuninvest Investor presentation
Constitutional
system
Swedish constitution
- Instrument of Government
Art 1 Swedish democracy is founded on the
free formation of opinion and on universal
and equal suffrage. It shall be realized
through a representative and parliamentary
polity and through local self-government.
Art 7 Sweden has local authorities at local
and regional level.
Chapter 14, Art 4 The local authorities may
levy tax for the management of their affairs.
Central government
30% of public sector spending
I
I
WY RIKSGÄLDEN
SWEDISH NATIONAL DEBT OFFICE
Local governments
70% of public sector spending
Co-equal status
between central and
local government
defined by
constitution.
KOMMUNINVEST
The Swedish Local Government Funding Agency
International debt market
An unlimited joint and
several guarantee covers all
liabilities Kommuninvest has
already entered into and will
subsequently enter into.
Local governments cannot
legally declare insolvency
nor suspend payment.
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