15 Sep 2023 11:08

Federal Government Debt at the end of August 2023

Press release from the Belgian Debt Agency:

As of the end of August 2023, the federal government debt amounted to EUR 493.554 billion. Federal government debt thus increased by EUR 4.28 billion in August.

In net terms (after deducting placements and securities held in portfolio), the federal government debt decreased by EUR 3.48 billion to EUR 471.10 billion. The Agency emphasizes that this decrease results from the receipt of funds intended for State Notes to which investors wished to subscribe via the Grand Livre. These State Notes were only included in the debt on September 4. For the situation at the end of September, the net debt will take into account both the sums received for these new state bonds and the debt they represent.

The net balance to be financed also amounted to EUR -3.48 billion in August.

For more details on the issuance and repayment of short-term and long-term debt in August 2023, please refer to the website www.debtagency.be.

The average maturity of the federal government debt increased by 0.10 year to 10.84 years in August, while the average interest rate of the debt instruments increased by 0.02% to 1.75%. The 12-month and 60-month refinancing risks amounted to 12.36% and 40.45% respectively.