Investor Presentaiton
Government's Objective to Stabilize Post-Pandemic Debt
ARDAL
Public debt on a declining trajectory since 2014, with cumulative decrease of almost 7%. of GDP up to 2019
✓ Outbreak of COVID-19 in 2020 elevated public debt by almost 12% of GDP (however one of the main driver was
temporary accumulation of cash buffer due to uncertainty)
✓ The medium-term consolidation strategy reflecting expenditure ceilings and higher nominal GDP will lead to
stabilisation of the debt level below 60% GDP and well below peer countries
120
100
% of GDP
80
0
60
60
40
40
20
20
0
Public Debt-to-GDP Ratio
Finland
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022F 2023F
Slovakia
Euro Area
キ
26
- Belgium
Source: Eurostat, EC Spring forecast 2022View entire presentation