Structural Reforms and Economic Outlook of Slovakia
Debt Management in 2021
ARDAL
Financial needs originally planned at EUR 10.6 billion
✓ Positive development in State budget deficit and State Treasury funds
✓ Financial needs revised down to approximately EUR 7.1 billion
State budget deficit for 2021 originally approved at EUR 8.1 billion (State budget for 2021); reality may be better
Issued EUR 5.0 billion bonds (as of 30.9.2021)
EUR 1.5 billion via international Syndication
EUR 3.5 billion via regular auctions (includes September auction)
Loans received in amount of EUR 0.3 billion
✓ Only EUR 330 million received from EU SURE programme
Expected activity till the end of 2021 (since 1.10.2021)
Syndicated EUR 0.8 billion via auctions
transaction in size of EUR 1.0 billion (potentially larger)
No T-bills, no loans
H
22
Source: ArdalView entire presentation