Central government financing requirement in 2014 and 2015
10-12-2014On Thursday, December 11 at 10.30 AM, Budget Outlook 3, December 2014 will be available.
The estimates of the central government net financing and financing requirement in 2014 and 2015 are presented in table 1 below. The central government financing requirement is expected to be DKK 103bn in 2014 and 159bn in 2015.
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.
Table 1. Net financing requirement and central-government financing requirement in 2014 and 2015
|
DKK bn.
|
2014
|
2015
|
|
Net financing requirement
|
-14
|
33
|
|
Repayment of long term debt etc. 1)
|
83
|
94
|
|
Repayment of short term debt 2)
|
35
|
33
|
|
|
|
|
|
Financing requirement
|
103
|
159
|
|
- domestic financing requirement
|
76
|
135
|
|
- foreign financing requirement
|
27
|
24
|
1) Incl. payments from the central government in cross-currency swaps and net bond purchase of state owned funds.
2) Repayments of short term debt correspond to the outstanding amount of Treasury bills and commercial papers at the beginning of the year.
Source: Budget Outlook 3, December 2014.