2013

Quarterly Review about Debt Portfolio Management - year 2013.

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Published

Debt Portfolio Management Quarterly Review - December 2013

In 2013, the state budget ended in a deficit of CZK 81.3 billion, which resulted in its decline of CZK 18.7 billion compared to the budgeted amount of CZK 100 billion. In accordance with The Czech Republic Funding and Debt Management Strategy for 2014, this difference will be reflected in the higher available cash reserve at the end of 2013, which amounted to CZK 62.7 billion, and will be fully used to cover financing needs in 2014. The lower decrease of cash reserve due to the lower state budget deficit in 2013 will result in the reduction of the gross borrowing requirement of the central government in 2014 to CZK 350.1 to 381.4 billion under the alternative scenario of funding programme. The reduction of the gross borrowing requirement of the central government implies the decrease of the maximum nominal value of the gross issue of medium-term and long-term government bonds on domestic market, which will not exceed CZK 262 billion.

Published

Debt Portfolio Management Quarterly Review - September 2013

The gross state debt decreased in Q3 by CZK 24.6 bn in comparison to the end of Q2 and CZK 14.2 bn in comparison to the end of 2012. The main factors of the decline of the gross state debt in Q3 were the redemption of 59th issue of government bond in the total nominal amount of CZK 37.6 bn and the net issuance of money market instruments outstanding in the total nominal amount of CZK -24.1 bn. The decrease of the gross state debt is consistent with the decrease of the planned gross borrowing requirement of the central government in 2013 published in the Revision of The Czech Republic Funding and Debt Management Strategy for 2013.

Published

Debt Portfolio Management Quarterly Review - June 2013

In the first half of the year, 59.1% to 78.6% of the revised planned gross borrowing requirement for 2013 was financed. The quarterly decrease of the gross state debt as of the end of the second quarter of the year amounted to CZK 37.5 bn.
Published on July10, 2013 by Funding & Portfolio Management, Ministry of Finance,