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Investor Presentaiton

Estonia 18 Luxembourg 25 Source: Eurostat 31 4th lowest general government debt level in the Eurozone in 2022 GENERAL GOVERNMENT DEBT REMAINS LOW The general government debt level is expected to stay well below 60% of GDP, stabilizing at a level about 41% of GDP in the medium term. Eurozone 92% General Government Debt 2022, % GDP (Eurozone countries) Lithuania 38 Latvia 41 Ireland 45 Netherlands 51 Malta 53 Slovakia 58 Germany 66 Slovenia 70 Finland 73 Austria 78 Cyprus 87 Belgium 105 France 112 Spain 113 Portugal 114 Italy 144 Greece 171 Low debt level provides effective buffer for additional funding needs, if necessary General Government Debt % GDP Stability and Growth Pact: 60% 43.7% 42.0% 40.8% 40.3% 39.7% 40.5% 40.2% 38.9% 39.1% 37.0% 36.5% 2016 2017 2018 2019 2020 2021 2022 2023 F 2024 F 2025 F 2026 F Source: Eurostat, August forecast (no policy change)
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