Central government financing requirement for 2024
15-05-2024
The Economic Survey, May 2024, will be published on May 16th.
The estimates of the central government net financing and financing requirement for 2024 can be found in table 1 below. The financing requirement for 2024 has been revised to DKK 49 bn., which is a decrease of DKK 28 bn. compared to the estimate in The Economic Survey, December 2023.
The downward adjustment of the financing requirement can be attributed in part to the downward adjustment of the net financing requirement, and in part to the downward adjustment of the total repayment on the short term and long term debt, cf. table 1.
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 | ||
| December 2023 | May 2024 | |
| DKK bn. 1) |
2024 | 2024 |
| Net financing requirement |
-45 | -61 |
| Repayment of long term debt 2) | 82 | 89 |
| Repayment of short term debt 3) | 35 | 15 |
| Net purchase of state-owned funds | -0 | -0 |
| Net purchase of social mortgage bonds | 6 | 6 |
| Financing requirement |
77 | 49 |
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 2024.
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, December 2023 and May 2024.
Originally published at http://www.en.fm.dk/news/news/2024/may/central-government-financing-requirement-for-2024/
