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Exchequer Funding Needs and Sources

NTMA publishes Annual Funding Plan for 2025

Exchequer Funding Needs & Sources 2025

  • This information is also available in tabular format
    • €bn2025 Funding Needs2025 Funding Sources
      Bonds

      11.5

      8.2

      Net Short-Term Paper


      5.6

      EFSM

      2.4


      Exchequer Surplus


      0.9

      Other

      		1.9


      NOTES 2025

      Figures are estimates, as of October 2025. Rounding may affect totals.

      1. In the Funding Sources column, €8.2bn is reflected for bonds as the cash proceeds from €8.5bn of nominal issuance (including from non-competitive bond auctions) in 2025.

      2. Exchequer surplus is the Department of Finance's Budget 2026 estimate.

    • Exchequer Funding Needs & Sources 2024

  • This information is also available in tabular format
    • €bn2024 Funding Needs2024 Funding Sources
      Bonds

      8.1

      5.9

      EFSM

      0.8

      0.0

      Net Short-Term Paper

      0.0

      2.1

      Exchequer Surplus

      0.0

      12.8

      Net Other

      2.3

      0.0

      NOTES 2024

      Rounding may affect totals.

      1. Bonds Funding Sources figure reflects the cash proceeds from bond syndications and auctions, including non-competitive auctions, in 2024.

      2. The Exchequer surplus includes just under €11bn of proceeds from the Court of Justice of the European Union judgement of September 2024.

      3. The Net Other category primarily consists of Exchequer lending to the Housing Finance Agency and Ireland State Savings outflows.