Borrowing requirement

Through borrowing, the government seeks to pay off redemptions of central government debt and to cover any possible budget deficit. The aim of borrowing is to meet the state’s financing needs cost effectively and in a manner that enables access to financing under all circumstances. At the same time, it is ensured that the burden on government finances caused by interest expenses and redemptions of central government debt is distributed evenly and in a foreseeable manner. When carrying out funding operations, the related risks are kept well under control and at a low level.

Government borrowing is mainly denominated in euros. When borrowing in other currencies, the State Treasury always hedges against currency risk. Following these hedging measures, the entire government debt is in euros.

Statistics on central government debt >

Central government budget economy’s borrowing requirement for 2022

Based on the latest State budget or supplementary budget or the supplementary budget proposal.

Instrument Withdrawal (EUR million)
Benchmark bonds 16 500
Others 1 500
Treasury bills 12 538
Total 30 538
Redemptions 21 638
Net 8 900

Central government net borrowing

Budget 2022
(EUR million)
20.12.2021
First supplementary budget (EUR million)
2.3.2022
Second supplementary budget (EUR million) 25.5.2022
Net borrowing, nominal amount 7 040 7 634 8 900
Debt management expenses
Issue losses (net) 0 0 0
Capital losses (net) 0 0 0
Net borrowing
(incl. debt management expenses)
7 040 7 634 8 900
, Updated 25.5.2022 at 14:59