Central government financing requirement

01-10-2019

Table 1 below shows the updated estimates of the central government net financing and financing requirement. The total financing requirement for 2020 has increased by 16 bn. kr. to 81 bn. kr.

The target for government bond sales in 2019 is 75 bn. kr. The target for short-term treasury bills is 30 bn. kr. The government account at Danmarks Nationalbank covers any additional financing requirement.

The financing strategy is managed by Danmarks Nationalbank and can be found on the website of the government debt management office.

Table 1. Net financing requirement and central-government financing requirement
  August 2019 September 2019
DKK bn. 1) 2019 2020 2019 2020
Net financing requirement 15 -36 15 -20
Repayment of long term debt 2) 78 55 78 55
Repayment of short term debt 3) 31 30 31 30
Net purchase of state owned funds -12 -13 -12 -13
Net purchase of social mortgage bonds 69 29 69 29
Financing requirement 180 65 180 81

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 Budget Proposal for 2020, October 2019.