Central government net financing and financing requirement in 2011 and 2012

19.12.2011
On Tuesday December 20, Budget Outlook 3, December 2011 will be available at www.fm.dk.
The estimates of the central government net financing and financing requirement in 2011 and 2012 are based on the budget bill for 2012 and are presented in table 1 below. The central government financing requirement is expected to be DKK 160bn in 2011 and DKK 215bn in 2012.

The financing requirement is met through borrowing or by drawing on the central government account. The financing strategy is announced by Danmarks Nationalbank on the website of the government debt management office, www.governmentdebt.dk.

Table 1. Net financing requirement and central-government financing requirement DKK bn. 2011 2012 Aug. Dec. FFL12 FL12 Net financing requirement 38 32 76 79 Repayment of long term debt etc.1) 91 98 92 87 Repayment of short term debt2) 30 30 45 49 Financing requirement 159 160 213 215 - domestic financing requirement 122 123 177 179 - foreign financing requirement 37 37 36 36

1) Incl. payments from the central government in currency and interest swaps and net bond purchase of state owned funds.
2) Incl. the outstanding amount of Treasury bills and commercial papers in the beginning of the year.
Source: Budget Outlook 3, December 2011.