The table below is a technical table and is purely for illustrative purposes only. It shows that the State has sufficient funding under the EU/IMF Programme to cover all its financing requirements until the end of 2013. It remains the stated intention of the NTMA to return to the debt markets before this point and as soon as market conditions permit.
The draw-down of funds under the EU/IMF Programme is of course subject to strict policy conditionality.
Technical Table - Estimated Funding Requirement & Sources 2011-2013 (For Illustrative Purposes Only)
| Estimated Funding Requirement | (€bn) |
| Exchequer Deficits (excluding net banking recapitalisation) | 50.0 |
| Current Expectation of Net Banking Recapitalisation | 16.5 |
| Maturing Long-Term Debt | 16.5 |
| Maturing Short-Term Debt | 7.0 |
| TOTAL | 90.0 |
| Funding Sources | |
| EU/IMF Programme | 67.5 |
| - EU including Bilateral loans | 45.0 |
| - IMF | 22.5 |
| Retail Funding (to end-September 2011) | 1.2 |
| Use of Ireland's Own Resources | |
| - NPRF | 10.0 |
| - Exchequer Cash Resources | 11.3 |
| TOTAL | 90.0 |
Source: Department of Finance, Medium Term Fiscal Statement, November 2011
Note that rounding can affect totals
NTMA, Treasury Building, Grand Canal St. Dublin 2, Ireland.
Tel +353 1 664 0800, Email info@ntma.ie
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