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Funding of Exchequer Balance

FUNDING OF EXCHEQUER BALANCE TO END-SEPTEMBER 2018
€m€m€m
A. EXCHEQUER BORROWING REQUIREMENT (EBR): +/- figure represents Exchequer surplus/deficit-1,471
Net Funding: +/- figures represent borrowings/repayments
1. Medium & Long Term (MLT) Debt
Irish Government Bonds8,653
Other MLT Debt265
Total MLT Debt8,919
2. Short-term Paper (STP) - including Treasury Bills, Exchequer Notes and Commercial Paper4,779
3. State Saving Schemes/Retail31
4. Borrowing from/Repayment to Ministerial Funds & SPEM Surplus308
B. TOTAL NET FUNDING14,037
CHANGE IN EXCHEQUER CASH AND OTHER FINANCIAL (INCLUDING NON-LIQUID) ASSETS - (A + B)*12,566

Rounding may affect totals. 2018 figures are unaudited.

CHANGE IN EXCHEQUER CASH AND OTHER FINANCIAL ASSETS: END-DECEMBER 2017 v END-SEPTEMBER 2018
End-December 2017End-September 2018Change
Exchequer Cash and Other Liquid Short-term Investments*€m€m€m
Exchequer Account10,53323,26212,729
Other Liquid Assets000
Total Exchequer Cash and Other Liquid Short-term Investments**10,53323,26212,729
End-December 2017End-September 2018Change
Non-Liquid Assets***€m€m€m
Housing Finance Agency (HFA) Guaranteed Notes1,7421,82683
CSA Collateral Funding / Other942695-246
Total Other (Non-Liquid) Financial Assets2,6842,521-163
End-December 2017End-September 2018Change
€m€m€m
TOTAL EXCHEQUER CASH AND OTHER FINANCIAL ASSETS^ (AS IN TABLE ABOVE)13,21725,78312,566

Rounding may affect totals.  2018 figures are unaudited.

Notes:
* Excludes Capital Services Redemption Account (CSRA).

**Readily realisable Exchequer cash and other liquid short-term investments totalled €23.3bn at end-September 2018 and €10.5bn at end-December 2017.

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