The government's net financing requirement in 2020 is increased by kr. 70 billion. The increase primarily reflects an additional deferral of tax and VAT payments. The target for issuance of government bonds in 2020 is maintained at kr. 125 billion. Given that the increased borrowing requirement primarily reflects temporary liquidity shifts, it willl be covered by short-term issuances. The outstanding amount of T-bills is expected to be kr. 80-100 billion at the end of 2020.

The target for issuance of domestic government bonds in 2020 is maintained at kr. 125 billion. The on-the-run issues will remain unchanged, and focus will be on issuance in the 2- and 10-year nominal bonds. Part of the borrowing requirement in 2020 is met by issuances of short-term papers.