Central government financing requirement for 2021
The Economic Survey, May 2021, will be published May 25th.
The estimates of the central government net financing and financing requirement for 2021 can be found in table 1 below. The financing requirement has been revised to DKK 307 bn., which is an increase of approximatively DKK 59 bn. compared to the estimate in The Economic Survey, December 2020. The increase is primarily due to extraordinary liquidity measures adopted to support the economy during the Covid-19 pandemic.
The financing requirement is met by debt issuance or by drawing on the central governments account at Danmarks Nationalbank. 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 for 2021|
|DKK bn. 1)
|Net financing requirement
|Repayment of long term debt 2)
|Repayment of short term debt 3)
|Net purchase of state owned funds
|Net purchase of social mortgage bonds
1) Rounding may cause component sums to deviate from totals.
2) Incl. payments from the central government in cross-currency swaps and buybacks of long term debt with maturity date beyond 2021.
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, May 2021.