Updated estimates of the central government net financing and financing requirement are presented in the table below. The financing requirement is covered by debt issuance or by drawing on the central government account at Danmarks Nationalbank.
The financing requirement for 2019 has increased by 9 bn. DKK to 189 bn. DKK due to larger repayments of long term debt and greater net financing requirement. The Ministry of Finance expects a financing requirement of 87 bn. DKK for 2020.
| Table 1. Net financing requirement and central-government financing requirement | ||||
|---|---|---|---|---|
| October 2019 | December 2019 | |||
| DKK bn. 1) | 2019 | 2020 | 2019 | 2020 |
| Net financing requirement | 15 | -20 | 21 | -22 |
| Repayment of long term debt 2) | 78 | 55 | 82 | 60 |
| Repayment of short term debt 3) | 31 | 30 | 30 | 30 |
| Net purchase of state owned funds | -12 | -13 | -14 | -12 |
| Net purchase of social mortgage bonds | 69 | 29 | 69 | 30 |
| Financing requirement |
180 | 81 | 189 | 87 |
|
1) Rounding may cause component sums to deviate from totals. 2) Incl. payments from the central government in cross-currency swaps. 3) Repayment of short-term debt corresponds to the outstanding amount of Treasury bills and commercial paper in the beginning of the year. Source: The Economic Survey, December 2019 |
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