Central government financing requirement in 2013 and 2014
26-08-2013On Tuesday, Aug 27 at 10.00 AM, Budget Outlook 2, August 2013 will be available at www.fm.dk.
The estimates of the central government net financing and financing requirement in 2013 and 2014 are shown in table 1 below. The central government financing requirement is expected to be DKK 160bn in 2013 and DKK 130bn in 2014. Estimates for 2014 are included for the first time.
The financing requirement is met through borrowing or by drawing on the central government account.
The financing strategy is published by Danmarks Nationalbank on the website of the government debt management office, www.governmentdebt.dk
Figure 1. Net financing requirement and central-government financing requrement in 2013 and 2014
|
DKK bn.
|
2013
|
2014
|
|
Net financing requirement
|
32
|
23
|
|
Repayment of long term debt etc. 1)
|
81
|
75
|
|
Repayment of short term debt 2)
|
47
|
32
|
|
|
|
|
|
Financing requirement
|
160
|
130
|
|
- domestic financing requirement
|
136
|
102
|
|
- foreign financing requirement
|
25
|
28
|
1) Incl. payments from the central government in currency and interest swaps and net bond purchase of state owned funds.
2) Repayments of short debt corresponds to the outstanding amount of Treasury bills and commercial papers in the beginning of the year.
Source: Budget Outlook 2, Aug 2013.