Monetary Policy Framework Enhancement
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Funding needs and financing sources for 2021
Flow of Funds in 2021
(US$ mm, projections)
FINANCING NEEDS
4,964
Primary Deficit (1)
1,264
Interests Payments (2)
1,492
Amortizations of Bonds and Loans (3)
2,142
Change in Financial Assets (4)
66
FUNDING SOURCES
4,964
Disbursements from Multilaterals and Fin. Instit.
600
As of mid-October
Total Issuance of Market Debt (5)
Others (net) (6)
Memo Item: Government Net Indebtedness (GNI)
(1)
Excludes extraordinary transfers to the public Social Security Trust Fund (SSTF).
(2) Includes interests payments to the SSTF on its holdings of Central Government debt.
4,317
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2021, almost 72% of
annual targeted bond
issuance has been
completed
2,709
(3) For 2021, includes the obligations coming due on a contractual basis and bonds repurchased and early redeemed through October 29, 2021.
(4) Change in liquid assets of the Treasury and other financial assets (assets of the SiGa trusts and assets with other public sector entities, product of loans contracted by the Republic in
representation of the same); a negative value (-) implies a de-accumulation of assets.
(5) Includes bonds issued domestically and in international markets.
(6) Includes exchange rate and market price valuation effects.
Source: Ministry of Economy and Finance of Uruguay.
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