The Czech Republic Funding and Debt Management Strategy for 2020 - Second Half Update

Dept 20 - Debt and Financial Assets Management
Dept 20 - Debt and Financial Assets Management

Published

  • State Debt
  • Funding and Debt Management Strategy

In accordance with the calendar of published information The Ministry of Finance presents to the public The Czech Republic Funding and Debt Management Strategy for 2020 – Second Half Update, which reflects the government’s proposed increase in the budgeted state budget deficit to CZK 500 billion. To date, more than 77% of the CZK-denominated funding needs have been successfully covered this year, creating sufficient space for its smooth coverage by issuance activities during the second half of the year.

The Updated Strategy includes the updated funding programme of the Czech Republic in 2020 and the plan for its implementation in the second half of the year. The limits and targets for each monitored risk indicator of the state debt portfolio defined in The Czech Republic Funding and Debt Management Strategy for 2020 remain valid till the end of 2020. Updated Strategy was presented to the representatives of primary dealers in Czech Republic government securities and the Czech National Bank at the 22nd Primary Dealer Committee meeting held on 26 June 2020.

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