Central government financing requirement in 2022


The Economic Survey, August 2022, will be published on August 31.

The estimates of the central government net financing and gross financing requirement for 2022 can be found in table 1 below. The gross financing re-quirement for 2022 has been revised to DKK 132 bn., which is a decrease of approximately DKK 16 bn. compared to the estimate in The Economic Survey, May 2022.

The gross 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. Central government financing requirement
   May 2022 August 2022
DKK bn. 1) 2022 2022 2023
Net financing requirement -52  -76 -6 
Repayment of long term debt 2) 112 121  80 
Repayment of short term debt 3) 64 64  35 
Net purchase of state owned funds 0
Net purchase of social mortgage bonds 24 24  19 
Gross financing requirement
148 132  128 

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 2022.

3) Repayment of short-term debt corresponds to the outstanding amount of Treasury bills and commercial pa-per in the beginning of the year.

Source: The Economic Survey, August 2022.