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Funding of Exchequer Balance

FUNDING OF EXCHEQUER BALANCE TO END-DECEMBER 2017
€m€m€m
A. EXCHEQUER BORROWING REQUIREMENT (EBR): +/- figure represents Exchequer surplus/deficit1,909
Net Funding: +/- figures represent borrowings/repayments
1. Medium & Long Term (MLT) Debt
Irish Government Bonds4,105
Other MLT Debt-5,194
Total MLT Debt-1,089
2. Short-term Paper (STP) - including Treasury Bills, Exchequer Notes and Commercial Paper1,422
3. State Saving Schemes/Retail95
4. Borrowing from/Repayment to Ministerial Funds-238
B. TOTAL NET FUNDING190
CHANGE IN EXCHEQUER CASH AND OTHER FINANCIAL (INCLUDING NON-LIQUID) ASSETS - (A + B)¹
2,099

Rounding may affect totals. Figures are unaudited.

CHANGE IN EXCHEQUER CASH AND OTHER FINANCIAL ASSETS: END-DECEMBER 2016 v END-DECEMBER 2017
End-December 2016End-December 2017Change
Exchequer Cash and Other Liquid Short-term Investments*€m€m€m
Exchequer Account8,38510,5332,148
Other Liquid Assets1990-199
Total Exchequer Cash and Other Liquid Short-term Investments**8,58410,5331,949
End-December 2016End-December 2017Change
Non-Liquid Assets***€m€m€m
Housing Finance Agency (HFA) Guaranteed Notes2,0321,742-290
CSA Collateral Funding / Other502942440
Total Other (Non-Liquid) Financial Assets2,5342,684150
End-December 2016End-December 2017Change
€m€m€m
TOTAL EXCHEQUER CASH AND OTHER FINANCIAL ASSETS^ (AS IN TABLE ABOVE)11,11813,2172,099

Rounding may affect totals. 2017 figures are unaudited.

Notes:
*Excludes change in balance of Capital Services Redemption Account (CSRA).

**Readily realisable Exchequer cash and other liquid short-term investments totalled €10.5bn at end-December 2017 and €8.6bn at end-December 2016.

***These assets classes are deemed non-liquid as they are not readily realisable.