2022 State Budget and Fiscal Incentives Presentation

Holders of Tradable Central Government Securities Balanced Ownership In Terms of Holders and Tenors Holders of Tradable Gov't Domestic Debt Securities Foreign Ownership of Gov't Domestic Debt Securities by Tenor 19.0% 25.2% 29.4% 38.2% 37.5% 39.8% 37.7% 38.6% 37.0% 34.8% 33.5% 38.6% 46.9% 39.3% 34.1% 35.6% 36.8% 39.0% 35.8% 39.8% 37.8% 39.9% 36.8% 42.0% 40.3% 37.7% 38.6% 25.2% 19.0% 35.5% 34.0% 17.3% 22.0% 22.1% 23.8% 18.4% 23.9% 22.5% 23.4% 20.3% 21.1% 5.1% 1.9% 6.7% 4.0% 4.8% 5.0% 4.3% 2.4% 4.6% 3.0% Dec-17 Dec-18 Dec-19 Dec-20 Dec-21 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20 Dec-21 ■>10 >5-10 >2-5 ■>1-2 Foreign Holders Domestic Non -Banks Domestic Banks 10-1 % Foreign Ownership of Total Source: Ministry of Finance 92 22

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