Update to the central government borrowing strategy in the 2nd half of 2020
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.