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Exchequer Funding Needs and Sources

NTMA Funding Statement for 2019

NTMA Funding Statement for 2018

Exchequer Funding Needs & Sources 2019

  • This information is also available in tabular format

    		• €bn

      Opening (End-2018) Exchequer Cash & Other Liquid Assets Balance1 (A)

      		15.3


      2019 Funding Requirements
      Exchequer Borrowing Requirement (EBR)2-2.1
      Bond Maturities3-13.1
      UK Bilateral loan4-1.6
      Other5-5.0
      TOTAL (B)-21.9


      2019 Funding Sources
      Government Bonds616.0
      Other73.6
      TOTAL (C)19.6


      Projected Closing (End-2019) Exchequer Cash & Other Liquid Assets Balance1 (A + B + C)

      		13.1

      NOTES & SOURCES

      Figures are estimates, as of April 2019.

      Rounding may affect totals.

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

      2. Department of Finance SPU 2019 estimate.

      3. Includes Amortising Bonds.

      4. Includes the effect of currency hedging transactions.

      5. Includes general contingencies, Q1 2019 bond purchases and provision for potential further bond purchases.

      6. In its 2019 Funding Statement, the NTMA announced plans to issue €14bn - €18bn of Government bonds in 2019; €16bn is used as an indicative amount in this presentation.

      7. Includes net short-term paper, State Savings (Retail) and other medium/long-term funding.

    • Exchequer Funding Needs & Sources 2018

  • This information is also available in tabular format


    • Opening (End-2017) Exchequer Cash & Other Liquid Assets Balance1 (A)

      		10.5


      2018 Funding Requirements
      Bond Maturities2-8.9
      Other bond flows3-6.8
      TOTAL (B)-15.7


      2018 Funding Sources
      Government Bonds17.5
      Other42.9
      TOTAL (C)20.5


      Projected Closing (End-2018) Exchequer Cash & Other Liquid Assets Balance1 (A + B + C)

      		15.3

      NOTES & SOURCES

      Rounding may affect totals.

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

      2. Includes Amortising Bonds.

      3. Includes bond purchases and switching.

      4. Includes Exchequer surplus, net short-term paper, State Savings (Retail) and EIB loans.