Latvia Stability Programme Report
milj.EUR
CENTRAL GOVERNMENT DEBT PROFILE
Government debt portfolio is well managed according to the Central Government Debt and
Cash Management Strategy
Debt structure by Instruments (milion EUR)
Debt Portfolio Management
18 000
Parameters
Strategy
31/03/2022 31/06/2022
16 000
14 000
12 000
Maturity profile (%)
up to 1 year
≤ 25%
10.7%
18.9%
10 000
up to 3 year
≤ 50%
33.6%
33.6%
8 000
Share of fixed rate (1)
≥ 60%
83.1%
75.2%
6.000
4.000
2.000
0
Macaulay duration
5.00 9.00
6.44
6.14
(years)
1Q15
2Q15
3Q15
4Q15
1Q16
2Q16
3Q16
4Q16
1Q17
2Q17
3Q17
4Q17
1Q18
2Q18
3Q18
4Q18
1Q19
2Q19
3Q19
4Q19
1Q20
2Q20
3Q20
4Q20
1Q21
2Q21
3Q21
4Q21
1Q21
2Q22
Net debt (2) currency
composition
100% EUR with
a deviation of
100.27%
100.26%
+/- 5%
Other
Domestic T-bonds
Loans from financial institutions
Source: The Treasury, June 31, 2022
2 000
1 800
1 600
1 400
1 200
1000
800
600
400
200
Domestic T-bills
Eurobonds
Source: The Treasury | (1) Fixed rate central government debt with a maturity over one year;
(2) Central government debt at the end of the period less the amount of loans and receivables,
where impairment loss of guarantees are not taken in account (including Treasury's cash accounts,
investments in deposits and fixed income securities, loans, receivables (including receivables of
derivative financial instruments which are not classified as risky from credit risk perspective)), and
increased by provisions of guarantees as well as liabilities of derivative financial instruments which
are not classified as risky from credit risk perspective.
Debt Redemption Profile (million EUR)
0
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
Aug-Dec
Domestic securities (LV ISIN)
Other external debt liabilities
2032-
2035
Eurobonds (XS ISIN)
2036
33
Source: The Treasury, on July 31, 2022
2047
2050
>=2051
2037-
2048-
2046
2049
Eurobond (XS ISIN) TAPS in domestic marketView entire presentation