| €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 Bonds6 | 16.0 |
| Other7 | 3.6 |
| 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.
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 Bonds | 17.5 |
| Other4 | 2.9 |
| 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.
© 2019 National Treasury Management Agency (NTMA)
