Central government financing requirements for 2024 and 2025

The Economic Survey, December 2024, will be published on December 5. Some of the key figures in The Economic Survey contains market sensitive information. These figures are published ahead of The Economic Survey.

The estimates of the central government net and gross financing requirements for 2024 and 2025 can be found in table 1 below. The gross financing requirement for 2024 has been revised to DKK 45 bn. in 2024 and DKK 82 bn. in 2025. The gross financing requirement is the sum of the net financing requirement, repayment of government debt, transactions in state funds, and purchases of social housing bonds.

The gross financing requirement is met by debt issuance or by drawing on the central government’s account at Danmarks Nationalbank.

The financing strategy is published by Danmarks Nationalbank on the website of the government debt management office

The expected liquidity and expenditure-related consequences of The Danish State’s Acquisition of the Majority Stake in Copenhagen Airports A/S and the Danish State’s Subsequent Ownership have not been included in the projections in The Economic Survey, December 2024.

Table 1. Central government net and gross financing requirements
  August 2024          December 2024     
  2024 2025 2024 2025
DKK bn. 1)         
Net financing requirement -66 11  -83  -15 
Repayment of long term debt 2) 98 81  107  80 
Repayment of short term debt 3) 15 35  15  12 
Net purchase of state owned funds -0 -0  -0  -0 
Net purchase of social mortgage bonds  6
Gross financing requirement  53 132  45  82 

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 the current year.

3) Repayment of short-term debt corresponds to the outstanding amount of Treasury bills and commer-cial paper in the beginning of the year.

Source: The Economic Survey, August 2024 and The Economic Survey, December 2024.