Federal Government

2022 Financing plan

EUR billion 2022 Financing plan(1) Achieved as of 30/04/2022

1. Gross financing requirements 2022 (2)

48.28

18.06

1.1. Federal State budget deficit 18.35 4.57
          - Budget deficit (stricto sensu) 18.44 4.61
          - Participation in/loans to financial institutions and sovereigns -0.10 -0.04
1.2. Debt maturing in 2022 27.59 12.97
          - Long and medium term debt in euro (3) 27.59 12.97
          - Long and medium term in foreign currencies 0.00 0.00
1.3. Planned pre-funding (bonds maturing in 2023 and later) (4) 1.84 0.53
          - Buy backs 1.84 0.53
1.4. Other financing requirements (5) 0.50 0.00
     

2. Funding resources 2022 (long and medium term)

44.20

18.17

- OLOs 41.20 18.17
- Euro Medium Term Notes/Schuldscheine 3.00 0.00
- Securities for retail investors 0.00 0.00
- Other (6) 0.00 0.00
     

3. Change in Treasury Certificates stock (7)

2.00

4.01

     

4. Net change in other short-term debt and financial assets (8)

2.08

-4.12

 
(1) Forecast as of December 8th, 2021.
(2) The Federal State budget deficit is seasonal : e.g. tax revenues are notably higher in the second half of the year than in the first half.
(3) Including the OLOs and state notes maturing in 2022, bought back and held in portfolio.
(4) Including the OLOs and state notes maturing in 2023 or later, bought back and held in portfolio.  As of January 1st, 2022, outstanding stock of medium and long term debt in euro maturing in 2023 totaled 23.26 billion euro.
(5) Including put/call options exercised on bonds and net redemptions of the treasury bonds representing Belgian participation in international organizations.
(6) Including EU loans (SURE) and net issues of treasury bonds representing Belgian participation in international organizations.
(7) Outstanding stock of Treasury Certificates on 01/01/2022 : 30.10 billion euro.
(8) This section includes residual financing instruments complementing the reference instruments mentioned in the previous section, including collateral margin changes.  A positive figure represents an increase in the stock of residual financing and/or a reduction in financial assets.
(9) Figures may not sum up to the total because of rounding.
 

Realization of the financing plan

  OLOs EMTN TOTAL
31/01/2022 5,000.00   5,000.00
28/02/2022 5,000.00   5,000.00
31/03/2022     0.00
30/04/2022     0.00
31/05/2022     0.00
30/06/2022     0.00
31/07/2022     0.00
31/08/2022     0.00
30/09/2022     0.00
31/10/2022     0.00
30/11/2022     0.00
31/12/2022     0.00
Realis. > 28.02.2022 10,000.00 0.00 10,000.00
Plan 2022 (*) 41,200.00 3,000.00 44,200.00

(*) Forecast for 2022

2021 Financing plan

EUR billion 2021 Financing plan (1) Achieved as of 31.12.2021

1. Gross financing requirements 2021

43.61

40.69

1.1. Federal State budget deficit (2) 22.77 22.48
          - Budget deficit (stricto sensu) 22.85 22.55
          - Participation in/loans to financial institutions and sovereigns -0.08 -0.08
1.2. Debt maturing in 2021 15.51 15.63
          - Long and medium term debt in euro (3) 15.51 15.63
          - Long and medium term in foreign currencies 0.00 0.00
1.3. Planned pre-funding (bonds maturing in 2022 and later) (4) 4.50 2.41
          - Buy backs 4.50 2.41
1.4. Other financing requirements (5) 0.83 0.18
     

2. Funding resources 2021 (long and medium term)

43.61

43.58

- OLOs 36.41 39.23
- Euro Medium Term Notes/Schuldscheine 3.00 0.13
- Securities for retail investors 0.00 0.00
- Other (6) 4.20 4.21
     

3. Net change in short-term foreign currency debt

0.00

0.00

     

4. Change in Treasury Certificates stock (7)

0.00

0.67

     

5. Net change in other short-term debt and financial assets (8)

0.00

-3.56

(1) Forecast as of December 8th, 2020.
(2) The Federal State budget deficit is seasonal : e.g. tax revenues are notably higher in the second half of the year than in the first half.
(3) Including the OLOs and State notes maturing in 2021, bought back and held in portfolio.
(4) Including the OLOs and State notes maturing in 2022 or later, bought back and held in portfolio. As of January 1st, 2021, outstanding stock of medium and long term debt in euro maturing in 2022 totalled 30.76 billion euro.
(5) Including put/call options exercised on bonds and net redemptions of the Treasury bonds representing Belgian participation in international organisations.
(6) Including UE loans (SURE) and net issues of Treasury bonds representing Belgian participation in international organisations.
(7) Outstanding stock of Treasury Certificates on 01/01/2021 : 29.42 billion euro.
(8) This section includes residual financing instruments complementing the reference instruments mentioned in the previous section, including collateral margin changes. A positive figure represents an increase in the stock of residual financing and/or a reduction in financial assets.
(9) Figures may not sum up to the total because of rounding.