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Exchequer Funding Needs and Sources

Opening (End-2016) Exchequer Cash & Other Liquid Assets Balance [Note 1] (A) 8.6
2017 Funding Requirements
Exchequer Borrowing Requirement (EBR) [Note 2] (+ figure represents a surplus) 1.5
Bond Maturities [Note 3] -6.2
EU/IMF Programme Loan Early Repayments [Note 4] -5.5
Other Bond Related Flows [Note 5] -5.2
Other [Note 6] -1.5
TOTAL (B) -16.9
2017 Funding Sources
Government Bonds [Note 7] 16.0
Net Short-term Paper (STP) 0.6
Other Funding Sources [Note 8] 1.1
TOTAL (C) 17.7
Projected Closing (End-2017) Exchequer Cash & Other Liquid Assets Balance [Note 1] (A+B+C) 9.4

Figures are estimates, as of October 2017.
Rounding may affect totals.

1. Excludes non-liquid financial asset classes such as Housing Finance Agency (HFA) Guaranteed Notes and CSA Collateral Funding.

2. Department of Finance Budget 2018 estimate.

3. Includes Amortising Bonds.

4. Planned early repayment of IMF and Swedish/Danish bilateral loans; subject to securing necessary waivers and parliamentary approvals processes in some countries.

5. Includes bond switching and Floating Rate Note (FRN) purchases.

6. Includes general contingencies.

7. Includes proceeds of non-competitive auctions; reflects one further bond auction in November. 

8. Includes net State Savings (Retail) funding and inflation linked bond.