Updated estimates of the central government net financing and financing requirement are presented in table 1 below.
The financing requirement for 2019 has increased by 36 bn. kr. to 180 bn. kr. due to larger repayments of long-term debt and greater net purchase of social housing mortgage bonds. The Ministry of Finance expects a financing requirement of 65 bn. kr. for 2020.
The target for government bond sales in 2019 is 75 bn. kr. The target for short-term treasury bills is 30 bn. kr.
The government account at Danmarks Nationalbank covers any additional financing requirement.
| Table 1. Net financing requirement and central-government financing requirement | |||
|---|---|---|---|
| December 2018 | August 2019 | ||
| DKK bn. 1) | 2019 | 2019 | 2020 |
| Net financing requirement | 9 | 15 | -36 |
| Repayment of long term debt 2) | 68 | 78 | 55 |
| Repayment of short term debt 3) | 30 | 31 | 30 |
| Net purchase of state owned funds | -14 | -12 | -13 |
| Net purchase of social mortgage bonds | 50 | 69 | 29 |
| Financing requirement | 144 | 180 | 65 |
|
1) Rounding may cause component sums to deviate from totals. |
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