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Investor Presentaiton

State Budget Financial Balances Year-on-Year Consolidation phase 38000 • Total financing surplus from 2012 to 2019: 37000 36,019 EUR 5,694mn 36000 Years of crisis • Increasing expenditure due to the crisis Deficit totaling EUR 1,553mn during the 2020 and 2021 pandemic years Budget policy faces challenges million EUR 35000 34000 32,901 33000 32000 31,470 31000 37,423 37,437 36,673 35,687 35,897 30000 . Financing surplus in 2022: EUR 750mn 2020 2021 2022 2023 (preliminary) • Use of reserves in 2023 -Expenditures (adjusted) -Revenues (adjusted) Page 16 Senate Department of Finance - Investor Presentation April 2024 B

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