Debt Management Annual Review 2021
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FORECAST, MINISTRY OF FINANCE |
| ECONOMY |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
| GDP AT MARKET PRICES, CHANGE IN VOLUME, % |
1.3 |
-2.9 |
3.4 |
3.0 |
1.5 |
1.4 |
| IMPORTS, CHANGE IN VOLUME, % |
2.3 |
-6.5 |
3.7 |
4.9 |
3.5 |
4.6 |
| EXPORTS, CHANGE IN VOLUME, % |
6.8 |
-6.8 |
4.2 |
5.6 |
3.7 |
4.5 |
| CONSUMER PRICE INDEX, CHANGE % |
1.0 |
0.3 |
2.2 |
2.6 |
1.8 |
1.8 |
| UNEMPLOYMENT RATE, % |
6.7 |
7.7 |
7.6 |
6.7 |
6.5 |
6.4 |
| CURRENT ACCOUNT, RELATIVE TO GDP, % |
-0.3 |
0.8 |
0.8 |
0.9 |
1.0 |
0.9 |
| TAX RATIO, RELATIVE TO GDP, % |
42.2 |
42.1 |
43.5 |
42.0 |
41.9 |
41.7 |
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FORECAST, MINISTRY OF FINANCE |
| GOVERNMENT FINANCES |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
| GENERAL GOVERNMENT NET LENDING, RELATIVE TO GDP, % |
-0.9 |
-5.5 |
-2.8 |
-2.1 |
-1.3 |
-1.1 |
| CENTRAL GOVERNMENT NET LENDING, RELATIVE TO GDP% |
-1.1 |
-5.5 |
-3.3 |
-2.5 |
-1.4 |
-1.4 |
| GENERAL GOVERNMENT GROSS DEBT (EMU), RELATIVE TO GDP, % |
59.5 |
69.5 |
67.7 |
67.1 |
67.5 |
67.9 |
| CENTRAL GOVERNMENT DEBT, RELATIVE TO GDP, % |
44.3 |
52.9 |
51.8 |
51.3 |
51.6 |
51.7 |
| * Central government debt administered by the State Treasury |
| CENTRAL GOVERNMENT DEBT AND BORROWING * |
2019 |
2020 |
2021 |
| CENTRAL GOVERNMENT DEBT, EUR BILLION |
106.4 |
124.8 |
128.7 |
| SERIAL BONDS, EUR BILLION |
97.5 |
105.0 |
115.2 |
| TREASURY BILLS, EUR BILLION |
6.0 |
18.1 |
11.8 |
| OTHER DEBT, EUR BILLION |
2.9 |
1.7 |
1.6 |
| budgetary GROSS ISSUANCE, EUR BILLION |
14.8 |
39.3 |
27.8 |
| budgetary NET BORROWING, EUR BILLION |
1.4 |
18.3 |
3.7 |
| RISK MANAGEMENT |
2019 |
2020 |
2021 |
| INTEREST ON BUDGETARY DEBT, EUR BILLION |
1.2 |
0.9 |
0.8 |
| EFFECTIVE INTEREST RATE ON DEBT PORTFOLIO, % |
0.9 |
0.6 |
0.4 |
| AVERAGE MATURITY |
6.3 |
6.5 |
7.4 |
| DURATION |
5.1 |
5.0 |
4.8 |
| AVERAGE FIXING |
5.1 |
4.9 |
4.7 |
