Investor Presentaiton
8
Funding needs and financing sources for 2021 and 2022
Flow of Funds
(US$ mm, projections as of December 30th, 021)
2021
2022
FINANCING NEEDS
4,861
3,691
Primary Deficit (1)
1,325
247
Interests Payments (2)
1,489
1,573
Amortizations of Bonds and Loans (3)
2,033
1,851
Change in Financial Assets (4)
13
21
FUNDING SOURCES
4,861
3,691
Disbursements from Multilaterals and Fin. Instit.
659
350
Total Issuance of Market Debt (5)
4,120
3,230
Others (net) (6)
82
111
Memo Item: Government Net Indebtedness (GNI)
2,732
1,708
(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.
(3) For 2021, includes the obligations coming due on a contractual basis and bonds repurchased and early redeemed through end-November 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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