The Czech Republic Funding and Debt Management Strategy for 2024 - Second Half Update

The Ministry of Finance presents to the public The Czech Republic Funding and Debt Management Strategy for 2024 – Second Half Update. For 2024, the updated planned financing needs amount to CZK 476.5 billion, i.e. approximately 6.0% of GDP. The actual amount of the financing needs will primarily depend on the actual performance of the state budget and also on the actual amount of exchange operations and buybacks of government bonds carried out in the second half of this year.

In the first half of 2024, the sale of government bonds with a maturities of more than one year covered all annual redemptions of the CZK-denominated state debt in this year, which allowed the Ministry of Finance to create sufficient space for smoothly covering the remaining financing needs through further issuance activity in the second half of the year.

The limits and targets for each monitored risk indicator of the state debt portfolio defined in The Czech Republic Funding and Debt Management Strategy for 2024 remain valid till the end of 2024. Updated Strategy was presented to the representatives of primary dealers in Czech government securities and the Czech National Bank at the 29th Primary Dealer Committee meeting held on 24 June 2024 in accordance with Article IX of the Primary Dealer Agreement for Czech Government Securities.